Dubai, UAE – Real estate transactions in Dubai recorded more than 9.63 billion dirhams during last week’s transactions. Through the implementation of 4,283 deals, which included sales worth 6.72 billion dirhams.
Real estate sales were distributed as follows: 2,646 sales of residential units, 122 sales of buildings, 371 sales of land, and a total of 3,139 transactions.
Sales of ready-made properties amounted to approximately AED 2.89 billion through the implementation of 953 transactions, distributed as follows: 525 transactions for residential units, 57 transactions for buildings, and 371 transactions for land. While real estate sales on the map continued to exceed, recording about 3.83 billion dirhams through 2,186 deals, divided into 2,121 transactions for residential units and 65 transactions for buildings.
The mortgage recorded 946 transactions, worth 2.13 billion dirhams, distributed as follows: 693 transactions for residential units, 187 transactions for buildings, and 166 transactions for land.
The value of the donations amounted to approximately 734.41 million dirhams, with 198 transactions distributed over 157 transactions for housing units, 21 transactions for buildings, and 20 transactions for land.
The Business Bay area topped the list of areas during last week’s trading, in terms of the value of real estate sales, at 806 million dirhams. It was followed by “Airport City” with about 438 million dirhams, then the “Nakhlat Deira” area, recording 244 million dirhams. While the “Dubai Silicon Oasis” area came with 241 million dirhams, then the “Fourth Love” area, which recorded 212 million dirhams.
In terms of daily performance, real estate transactions in Dubai recorded, on Friday, about 1.95 billion dirhams, after implementing 963 deals, which included sales worth 1.21 billion dirhams. The value of mortgages amounted to 647.87 million dirhams, while gifts amounted to 100.46 million dirhams.
