Real estate transactions in the Dubai market on Tuesday reached AED 3.66 billion, resulting from 1,330 transactions, according to data from Dubai REST, the online application of the Dubai Land Department.
Sales generated AED 2.8 billion, resulting from 1,129 transactions. The highest value was in Wadi Al Safa 1, with AED 498 million generated through 78 transactions. Business Bay came in second place with approximately AED 128 million generated through 72 transactions, followed by Bu Kadra with AED 117 million generated through 52 transactions.
Mortgages generated AED 603 million through 148 transactions. Al Quoz Industrial 1 came in first with AED 220 million generated through a single transaction, followed by Dubai Hills in second place with AED 101 million generated through nine transactions, and La Mer in third place with approximately AED 37 million generated through a single transaction. As for donations, they reached AED 227 million through 30 transactions. The Island 2 area came in first place with a value of AED 179 million through a single transaction, followed by Wadi Al Safa 3 in second place with approximately AED 9 million through a single transaction, and Dubai Investment Park 1 in third place with AED 8.5 million resulting from eight transactions.