(By AlKhaleej News)
Dubai real estate transactions on Thursday recorded a historic total of AED 6.84 billion, generated from 1,351 deals (990 residential units, 85 buildings, and 142 plots), according to the ‘Dubai REST’ application.
A total of AED 5.46 billion came from ready properties, while AED 1.38 billion were off-plan.
Sales reached AED 6.1 billion from 1,023 transactions (780 residential units, 41 buildings, and 68 plots). The highest sale was a plot in Palm Jumeirah, valued at AED 1.9 billion, with an area exceeding one million square feet and a price of AED 1,832 per sq ft.
Additionally, 10 plots were sold in Umm Suqeim First for AED 1.41 billion, plots in the Burj Khalifa area for AED 201 million, Wadi Al Safa 5 for AED 191 million, and Business Bay for AED 133 million.
Mortgages totaled AED 592 million across 237 procedures, the highest of which were in Emirates Hills (AED 50 million), Business Bay (AED 30 million), and Mohammed Bin Rashid City – District One (AED 29.5 million).
Gifts (property grants) amounted to AED 159.4 million from 91 transactions, the highest being in Motor City (AED 86 million), Al Yufrah 1 (AED 10 million), and Al Merkadh (AED 9.7 million)