Dubai, UAE – Dubai’s real estate market continued its momentum and strong performance during last week’s trading. Transactions exceeded 16.73 billion dirhams through the implementation of 4,529 deals. In a clear indication of the market’s strength and ability to hold together in the face of geopolitical tensions, based on the momentum of demand from local and international investors.
The weekly real estate transactions included sales worth 11.64 billion dirhams, distributed as follows: 3,016 sales of residential units, 301 sales of buildings, 250 sales of land, and a total of 3,567 deals, according to data from the «Dubai Rest» application affiliated with the Dubai Land Department.
ready property
Sales of ready-made properties amounted to about 4.6 billion dirhams through the implementation of 899 deals. Distributed into 570 residential unit transactions, 79 building transactions, and 250 land transactions. While real estate sales on the map continued to exceed, recording about 7.04 billion dirhams through 2,668 deals. Divided into 2,446 residential unit transactions and 222 building transactions.
The mortgage recorded 837 transactions, worth 3.76 billion dirhams. Distributed into 508 residential unit transactions, 106 building transactions, and 223 land transactions.
The value of donations amounted to about 1.33 billion dirhams, with 125 transactions. Distributed into 82 residential unit transactions, eight building transactions, and 35 land transactions.
great deals
Al Khayran Al Oula topped the list of regions during last week’s trading, in terms of the value of real estate sales, at 871 million dirhams. It was followed by “Commercial Gulf” with about 650 million dirhams. Then the “Nakhlat Jabal Ali” area recorded 627 million dirhams, and the “Airport City” area recorded 495 million dirhams. Then the “Sheikh Mohammed bin Rashid Gardens” area, which recorded 477 million dirhams.
In terms of daily performance, real estate transactions in Dubai recorded, on Friday, about 1.98 billion dirhams. After executing 596 deals, which included sales worth AED 1.39 billion. The value of mortgages amounted to 182.69 million dirhams, while gifts amounted to 402.14 million dirhams.
