Dubai real estate transactions began at the beginning of the week, with sales exceeding 1.41 Billion Dirhams, resulting from 606 deals, according to Dubai REST data.
The Business Bay area topped the list of sales in terms of value with 198 Million Dirhams, followed by Dubai Islands with about 185 Million Dirhams, then Ras Al Khor Industrial 1 came in third with 164.5 Million Dirhams. Mortgages approached one Billion Dirhams, achieved through 316 procedures. Palm Jumeirah acquired 958 Million Dirhams for 299 mortgages. As for donations, they amounted to 17 Million Dirhams. Thus, the total value of real estate transactions in the Dubai market during the first hour of trading reached about 2.4 Billion Dirhams.