Dubai, UAE – The Dubai real estate market witnessed remarkable activity on Monday, with continued momentum in daily deals.
Total real estate transactions amounted to approximately 3.8 billion dirhams, through the implementation of 1,194 transactions.
In an indicator that reflects strong demand and investor confidence in the real estate market in the emirate, with the market ignoring regional tensions.
Sales.. The largest section
Sales recorded more than 2.92 billion dirhams, after implementing 930 deals.
The deals were distributed as follows: 733 sales of housing units, 82 sales of buildings, and 115 sales of land.
Sales of ready-made properties amounted to about 1.64 billion dirhams through the implementation of 307 deals distributed as follows: 179 residential units, 13 building sales, and 115 land sales.
While real estate sales on the map amounted to about 1.28 billion dirhams, through 623 deals, divided into 554 sales of residential units and 69 sales of buildings.
mortgages
Real estate mortgages recorded 243 transactions, worth 718.31 million dirhams, distributed as follows: 153 transactions for residential units, 24 transactions for buildings, and 66 transactions for land.
grants
In turn, the value of donations amounted to about 163.93 million dirhams, with 21 transactions, distributed over 12 transactions for housing units, two transactions for buildings, and seven transactions for land.
Thus, real estate sales accounted for 76.7% of the total value of transactions recorded on Monday.
While the share of mortgages was 19%, gifts accounted for 4.3%.
