Real estate transactions in the Dubai market at the start of trading on Monday reached AED 4.2 billion, resulting from 1,357 transactions, according to data from Dubai REST, the online application of the Dubai Land Department.
Sales generated AED 3.4 billion, resulting from 1,397 transactions. The highest value was in Wadi Al Safa 3, with 78 transactions valued at AED 535 million. Jumeirah 2 came in second place, with approximately AED 430 million, achieved through the sale of two residential villas under construction at an average price of AED 16,000 per square foot. The highest price per square foot in the emirate was recorded by the Bulgari project at AED 17,000. Business Bay came in third place, with AED 234 million, resulting from 116 transactions.
Mortgages generated AED 489 million through 223 transactions. Al Furjan ranked first with AED 123 million through four transactions, followed by Al Barsha South 3 with AED 46 million resulting from a single transaction. Jebel Ali First came in third place with approximately AED 25 million through five transactions.
Grants reached AED 198 million through 38 transactions. Emirates Hills ranked first with AED 8,038 million through a single transaction, followed by Burj Khalifa in second place with approximately AED 38 million through two transactions, and Jumeirah Islands in third place with AED 11 million resulting from a single transaction.