Dubai, UAE – Dubai’s real estate sector maintained a strong sales pace over the past week, despite tensions in the region.
This reflects the continued confidence in the real estate market in the emirate and its attractiveness to investors and buyers.
Weekly sales recorded normal levels compared to those recorded during previous weeks.
Real estate transactions in Dubai last week exceeded AED 16.63 billion.
This comes after the implementation of 4,819 deals that included sales worth approximately AED 12.24 billion.
Various sales
Weekly real estate sales were distributed as follows: 2,850 sales of residential units, 388 sales of buildings, 354 sales of land, and a total of 3,592 transactions. While ready-made real estate sales amounted to about 7.06 billion dirhams through the implementation of 1,369 deals, real estate sales on the map recorded about 5.19 billion dirhams through 2,223 deals.
Excellence in daily performance
In terms of daily performance, real estate transactions in Dubai recorded about 1.89 billion dirhams, after implementing 466 deals.
Real estate sales amounted to about 1.44 billion dirhams, constituting 76.3% of total real estate transactions.
As for mortgages, they amounted to 434.64 million dirhams, while gifts recorded about 12.32 million dirhams.
