Real estate transactions in the Dubai market on Tuesday reached AED 3.33 billion, resulting from 1,123 transactions, according to data from Dubai REST. Sales reached AED 2.5 billion, resulting from 796 transactions, with the highest value being in Me’aisem 2, with AED 188 million generated through 10 transactions.
Dubai Investment Park 2 came in second place with approximately AED 153 million generated through 20 transactions, followed by Island 2, with approximately AED 136 million generated through a single transaction. The real estate market also recorded the sale of an under-construction apartment within the Bulgari Lighthouse project in Island 2, for AED 136 million, according to data from Dubai REST. Mortgages generated AED 577 million through 292 transactions.
Meydan One came in first with AED 116 million through 90 transactions, followed by International City (2+3) in second place with AED 61 million resulting from two transactions. Sama Al Jaddaf came in third place with approximately AED 41 million through a single transaction. Grants reached AED 255 million through 35 transactions. Dubai Islands came in first with AED 98 million through two transactions. Satwa came in second place with approximately AED 31 million through a single transaction.
Jumeirah Islands came in third place with AED 22 million resulting from a single transaction. AED 4,228 is the average price per square foot for residential units in the Trump International Hotel & Tower Dubai project in Dubai. The average price per square foot for residential units in the project was approximately AED 4,228, with the lowest price reaching AED 3,184 per square foot and the highest price reaching AED 5,271 per square foot, according to data from real estate marketing agents in the emirate’s market.