Total transactions in Dubai’s real estate market during the week amounted to AED 16.6 billion, resulting from 4,250 procedures, according to data from the emirate’s Land and Property Department website.
Sales achieved AED 9.3 billion, through 3,160 transactions, the highest of which was in the Dubai Islands area, with AED 837 million, resulting from 27 transactions, followed by Business Bay, second with AED 664 million, through 185 transactions, and Burj Khalifa, third with AED 428 million, achieved through 90 transactions.
Mortgages touched AED 4 billion, resulting from 918 procedures. The Dubai Design District area came in first place with AED 425 million, through one procedure, followed by Dubai Hills, second with AED 418 million, resulting from 28 procedures, and then Dubai Investment Park, third with AED 317 million, through 6 procedures.
As for donations, they reached AED 3.4 billion through 172 transactions, the highest of which was in Dubai Hills at AED 787 million, through two transactions, then Al Muraqqabat second at AED 594 million resulting from 4 transactions, followed by La Mer third at AED 351 million through one transaction. Daily transactions on Friday achieved AED 2.3 billion, through 793 procedures. Sales recorded AED 1.5 billion resulting from 648 transactions, then mortgages at AED 749 million, through 122 procedures, and finally donations worth AED 94 million, through 23 transactions.