Dubai, UAE – The Dubai real estate market witnessed remarkable activity on Tuesday, with continued momentum in daily deals. Total real estate transactions amounted to approximately 3.57 billion dirhams, through the implementation of 1,178 deals, while deals for luxury residential apartments worth more than 227 million dirhams were implemented. 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 recorded more than 2.64 billion dirhams after the implementation of 888 deals, distributed as follows: 762 sales of housing units, 57 sales of buildings, and 69 sales of land.
ready property
Sales of ready-made properties amounted to approximately AED 968.54 million through the implementation of 219 deals. Distributed into 135 housing units, 15 building sales, and 69 land sales. While real estate sales on the map amounted to about 1.67 billion dirhams, through 669 deals divided into 627 sales of residential units and 42 sales of buildings.
Real estate mortgages recorded 260 transactions worth 677.66 million dirhams, distributed as follows: 171 transactions for residential units, 26 transactions for buildings, and 63 transactions for land.
In turn, the value of donations amounted to about 255.86 million dirhams, with 30 transactions distributed over 12 transactions for housing units, two transactions for buildings, and 16 transactions for land.
Thus, real estate sales accounted for 73.85% of the total value of transactions recorded yesterday.
Notable Deals
On Tuesday, the real estate market witnessed the implementation of remarkable deals for luxury residential apartments, the most prominent of which was the sale of an apartment in the “Armani Beach Residences” project in “Nakhlat Jumeirah”. It covers an area of 6,330.74 square feet, and is priced at AED 7,733.69 per square foot, for a total of AED 48.96 million.
A luxury residential apartment in the Residences project in the Dubai Harbor area, with an area of 7,681.08 square feet, was also sold at a price of 4,229.61 dirhams per square foot, for a total of 32.48 million dirhams.
In turn.. The resale market also saw activity, with a 9,411.84-square-foot apartment sold at Bluewaters Residences. At a price of AED 9,559.38 per square foot, for a total of AED 90 million. An apartment in the Aman Residences Dubai project in the second Jumeirah area, with an area of 3,824.34 square feet, was also sold at a price of 14,556.3 dirhams per square foot, for a total of 55.66 million dirhams.
