Dubai, UAE – Real estate transactions in Dubai exceeded AED 10.17 billion last week. This came after 3,785 transactions were executed, including sales worth AED 7.1 billion.
Weekly real estate sales were distributed as follows: 2,588 sales of residential units and 128 sales of buildings. And 168 land sales, for a total of 2,884 sales.
Real estate mortgages recorded 713 transactions, worth two billion dirhams. Distributed into 488 residential unit transactions, 64 building transactions, and 161 land transactions.
In turn, the value of donations amounted to about 1.07 billion dirhams, with 188 transactions. Distributed over 143 residential unit transactions, 10 building transactions, and 35 land transactions.
In terms of daily transactions, total real estate transactions, on Friday, amounted to about 2.33 billion dirhams. Sales transactions accounted for the largest share, worth AED 1.88 billion. This amounted to 80.61% of the total transactions.
While the value of real estate mortgages amounted to 354.58 million dirhams, accounting for 15.21% of the total transactions. While donations recorded 97.42 million dirhams, representing about 4.18% of total transactions.
Data recorded in Dubai showed that a number of different areas and real estate complexes in the emirate witnessed a remarkable demand for sales and mortgages during the recent period. Most notable are the Jumeirah Lakes Towers, Arjan, and Business Bay.
