Real estate transactions in the Dubai market recorded AED 18 billion in one week, resulting from 5,795 transactions, according to data from Dubai REST, the Dubai Land Department’s online application.
Sales reached AED 13.5 billion, resulting from 3,886 transactions. The highest value was recorded in Me’aisem 2, with AED 1.4 billion generated through 81 transactions. Al Wasl followed with AED 781 million generated through 167 transactions, followed by Business Bay with AED 705 million generated through 304 transactions.
Mortgages also generated AED 3.66 billion through 899 transactions. Business Bay came in first with AED 488 million generated through 40 transactions, followed by Al Barsha Heights with AED 296 million generated through three transactions, and Al Badaa in third place with AED 198 million generated through two transactions. As for donations, they reached AED 805 million through 234 transactions. Palm Jumeirah came in first place with a value of AED 137 million through 12 transactions, followed by Business Bay in second place with approximately AED 110 million through 54 transactions, and Ghadeer Al Tayer in third place with AED 109 million resulting from three transactions. On a daily basis, Friday, real estate transactions reached AED 2.1 billion, resulting from 778 transactions. These included sales worth AED 1.78 million through 629 transactions, approximately AED 237 million in mortgages (118 transactions), and finally, donations worth AED 100 million (31 transactions).