Real estate transactions in the Dubai market on Wednesday reached AED 3.3 billion, resulting from 1,088 transactions, according to data from Dubai REST.
Sales reached AED 2.3 billion, resulting from 845 transactions. The highest value was in the Palm Jebel Ali area, with AED 233 million, through 11 transactions. Al Wasl came in second place with approximately AED 215 million, achieved through 52 transactions, followed by Palm Jumeirah with AED 144 million, resulting from six transactions.
Mortgages also generated AED 806 million, through 175 transactions. Al Badaa came in first with AED 194 million, resulting from one transaction, followed by Al Barsha 1 with AED 107 million, resulting from two transactions, and Emirates Hills in third place with approximately AED 90 million, through five transactions.
As for donations, they reached AED 195 million through 68 transactions. Business Bay came in first place with a value of AED 62 million, through 30 transactions. Dubai Hills came in second place with approximately AED 54 million, through two transactions. Jumeirah Golf Estates came in third place with AED 24 million, resulting from a single transaction.