Dubai, UAE – Dubai’s real estate market continued its momentum, ignoring tensions in the Middle East.
At a time when the emirate received wide international praise from prominent international figures, including Elon Musk and Pavel Durov, who confirmed the level of security and efficiency of management in Dubai.
According to Rasd, the total value of real estate transactions in the emirate during the second week of Ramadan was recorded at approximately 18.93 billion dirhams.
Real estate sales, from last Wednesday until yesterday (five working days), exceeded 11.01 billion dirhams, reflecting the continued momentum in the real estate sector.
Real estate sales were distributed at a rate of 5.85 billion dirhams for ready-made properties, through the implementation of 1,188 transactions.
While real estate sales on the map amounted to about 5.16 billion dirhams, through the implementation of 2,109 transactions.
The data showed that the total number of real estate sales transactions reached 3,297 transactions, distributed as follows: 2,733 transactions for residential units, 241 for buildings, and 323 transactions for land.
The value of real estate mortgages during the second week of Ramadan amounted to about 6.05 billion dirhams, through 949 transactions distributed as follows: 605 transactions for residential units, 103 transactions for buildings, and 241 transactions for land.
As for donations, they recorded 1.87 billion dirhams through the implementation of 261 transactions, distributed as follows: 224 transactions for housing units, 10 transactions for buildings, and 27 transactions for land.
Thus, the total value of real estate transactions in the emirate, during the second week of Ramadan, amounted to approximately 18.93 billion dirhams, through the implementation of approximately 4,507 transactions.
In the first two working days, after the outbreak of tensions in the Middle East, Dubai recorded real estate sales worth 3.98 billion dirhams.
While the total value of transactions exceeded 6.15 billion dirhams.
Dubai real estate sales since the beginning of Ramadan have exceeded 25.29 billion dirhams, through the implementation of 7,497 transactions, distributed as follows: 6,063 transactions for residential units, 567 transactions for buildings, and 867 transactions for land.
