Dubai, UAE – Dubai’s real estate market boosted momentum over the past week, recording transactions exceeding AED 15.6 billion. Driven by strong sales activity that accounted for the largest share of transactions. In new confirmation of the continued demand and strength of investment activity in the emirate.
Real estate transactions in Dubai included the implementation of 3,945 deals, including sales worth 8.73 billion dirhams. Real estate sales were distributed as follows: 2,365 sales of residential units, 143 sales of buildings, and 226 sales of land. With a total of 2734 deals.
ready property
Sales of ready-made properties amounted to about 5.6 billion dirhams through the implementation of 887 deals. While real estate sales on the map recorded about 3.13 billion dirhams, through 1,847 deals.
The mortgage recorded 1,007 transactions, worth 5.71 billion dirhams, distributed as follows: 607 transactions for residential units, 90 transactions for buildings, and 310 transactions for land.
The value of the donations amounted to approximately 1.16 billion dirhams, with 204 transactions distributed across 142 residential unit transactions. 17 transactions for buildings, and 45 transactions for land.
big deals
Last week’s transactions witnessed the conclusion of one of the largest real estate deals in Dubai in the recent period. It consisted of recording sales and mortgages on 23 plots of land within the “Arab City” project, with a total value of 2.4 billion dirhams.
The Arab City region topped the list of best-selling regions last week, with a value exceeding 1.3 billion dirhams. It was followed by the airport city with about 630 million dirhams, then the Al Farjan area, with a value of 387 million dirhams. The “Nakhlat Jumeirah area” is worth 362 million dirhams, and the Jumeirah Circular Village area is worth 351 million dirhams.
