Dubai, UAE – The real estate market in Dubai maintained its strong daily momentum, recording sales amounting to about 3.2 billion dirhams, during trading on Monday.
In light of the continued strong demand for various categories of real estate, especially luxury residential units.
This reflects the emirate’s attractiveness as a preferred investment destination for investors from inside and outside the country, with the market ignoring tensions in the Middle East region.
More than a thousand deals in one day
Real estate transactions in Dubai recorded AED 3.98 billion on Monday.
This came after the implementation of 1,092 deals, including sales worth approximately 3.2 billion dirhams.
Real estate sales were distributed as follows: 646 sales of residential units, 107 sales of buildings, 102 sales of land, and a total of 855 deals.
Sales of ready-made properties amounted to approximately AED 1.47 billion through the implementation of 295 deals.
While real estate sales on the map amounted to about 1.72 billion dirhams through 560 deals.
Real estate mortgages recorded 206 transactions, worth 524.27 million dirhams. Distributed into 139 residential unit transactions, 12 building transactions, and 55 land transactions.
The value of donations amounted to approximately 256.42 million dirhams, in 31 transactions. Distributed into 21 residential unit transactions, two building transactions, and eight land transactions.
Continuing the real estate momentum
On Monday, the real estate market in Dubai witnessed the implementation of a sale deal for a luxury residential apartment on the map worth 92.5 million dirhams.
In a clear indication that the emirate’s real estate market continues its momentum, ignoring regional tensions.
According to data from the Dubai Rest app, the apartment covers an area of approximately 11,521 square feet.
Equivalent to approximately 1,070 square meters, with an average price exceeding 8,028 dirhams per square foot.
The apartment is located in the Palm Jumeirah area within the “Armani Beach Residences” project.
