Real estate transactions in the Dubai market recorded approximately AED 16.4 billion over the course of four days, resulting from 5,199 transactions, according to data from Dubai REST, the Dubai Land Department’s online application.
The total value of sales reached AED 12 billion, resulting from 3,839 transactions. The highest value was recorded in Dubai Investment Park 2, with AED 726 million achieved through 159 transactions. Al Yufrah 1 followed with approximately AED 159 million achieved through 90 transactions. Me’aisem 2 came in third with AED 576 million achieved through 32 transactions. Palm Jumeirah came in fourth place with sales reaching AED 550 million, resulting from 41 transactions. Dubai Maritime City came in fifth with AED 434 million achieved through 103 transactions.
Mortgages generated AED 3.1 billion through 1,153 transactions. Business Bay came in first with AED 293 million through 127 transactions. Al Karama came in second with AED 166 million, resulting from two transactions. Meydan One came in third with AED 131 million through 108 transactions. Emirates Hills came in fourth with mortgages worth AED 126 million, resulting from 19 transactions. International City 1 came in fifth with AED 104 million, achieved through four transactions. Grants reached AED 1.3 billion through 207 transactions. Dubai Marina ranked first with AED 251 million through five transactions. Dubai Maritime City came in second with AED 154 million through a single transaction. Burj Khalifa came in third with AED 146 million, generated through 45 transactions. Dubai Islands came in fourth with AED 137 million through three transactions. Ghadeer Al Tayer came in fifth with AED 67 million through a single transaction.
On a daily basis, Thursday, real estate transactions generated approximately AED 3.54 billion, generated through 1,154 transactions. These included sales worth AED 2.4 billion through 814 transactions, approximately AED 740 million in mortgages through 285 procedures, and finally, grants worth AED 397 million, generated through 55 transactions.