The total transactions in the Dubai real estate market, from the beginning of 2024, until the end of April, recorded 214.4 Billion Dirhams, resulting from 48,380 procedures, according to data from the Land Department in the emirate.
The data showed that the sector’s sales in the emirate, within 4 months, achieved 141 Billion Dirhams, through 48,310 deals, as the “Business Bay” region topped the list of regions, in terms of size, with a value of 7.41 Billion Dirhams, through 3,474 deals, then “Jumeirah Village.” Circle came second with about 6.36 Billion Dirhams, resulting from 5,602 deals, followed by “Palm Jumeirah” third, with 6.22 Billion Dirhams through 529 deals.
The number of residential units sold reached 43,384 properties with a total value exceeding 87.4 Billion Dirhams. Apartments accounted for the largest share with 39,864 units for 75.8 Billion Dirhams, while villas (buildings) recorded the sale of 3,520 units worth 11.63 Billion Dirhams. While the number of land deals reached 4,939, worth about 53.5 Billion Dirhams.
“Island 2” topped the list of highest residential apartment deals with a value of 140.5 Million Dirhams, followed by “Dubai Water Canal” second with 140 Million Dirhams, then “Island 2” third with about 137.4 Million Dirhams. As for residential villas, “The World Islands” came first with a value of 79 Million Dirhams, then “Wadi Al Safa 3” came second with about 39.7 Million Dirhams, and “Wadi Al Safa 3” ranked third with a value of 39.4 Million Dirhams.
Land Market
In the land market, the “Dubai Investment Park II” area topped the list, in terms of value, with about 3.58 Billion Dirhams, then “Dubai Investment Park II” also came in second place with a value of 691 Million Dirhams, and in third place came “Dubai Maritime City” with about 615 Million. Dirham.
About mortgages, it recorded about 61 Billion Dirhams, resulting from 10,760 procedures, the highest of which came in the “Horizon” With a value of 9.19 Billion Dirhams, resulting from 6 procedures, then “Saih Al-Dahl” again, with 4.25 Billion Dirhams through one procedure, followed by The third, “Hasyan Third,” was valued at about 3.2 Billion Dirhams, through a single transaction.
As for the donations, they approached 12.4 Billion Dirhams, resulting from 2,180 procedures, the highest of which came in “Palm Jumeirah” with 1.85 Billion Dirhams, through 87 procedures, then “Business Bay” second with 1.05 Billion Dirhams, through 227 procedures, followed by “Dubai Marina”, third, with approximately 862 Million Dirhams, resulting from 158 procedures.
48.6 Billion Dirhams in April Transactions
Total transactions in April amounted to 48.62 Billion Dirhams, resulting from 14,155 procedures. Sales accounted for 32.08 Billion Dirhams through 11,630 transactions, then mortgages amounted to 13.36 Billion Dirhams, resulting from 2,140 transactions, then gifts amounted to 3.18 Billion Dirhams, resulting from 385 procedures.