Real estate transactions in Dubai on Wednesday reached AED 5 billion, resulting from 1,140 transactions, according to data from Dubai REST.
Sales reached AED 2.64 billion, achieved through 862 transactions. The highest value was in Jumeirah 1, with AED 350 million in a single transaction. Dubai Investments Park 2 came in second place, with approximately AED 171 million achieved through 71 transactions. Trade Centre 2 came in third, with approximately AED 165 million achieved through 29 transactions.
Mortgages also generated AED 2 billion through 243 transactions. Palm Jumeirah came in first, with a value of AED 1.23 billion, through four transactions, including a plot of land for AED 1.2 billion. Dubai Investments Park 1 came in second with AED 210 million, resulting from two transactions. Emirates Hills came in third place with AED 136 million, through three transactions.
As for grants, It reached AED 316 million through 35 transactions. Al Nahda 1 came in first place with a value of AED 101 million through a single transaction, followed by Hor Al Anz 1 in second place with approximately AED 56 million through a single transaction, followed by Dubai International Airport in third place with AED 27 million resulting from a single transaction.