Dubai, UAE – Real estate transactions in Dubai recorded, during last week’s transactions, about 18.77 billion dirhams.
After executing 5,266 deals, including sales worth AED 14.94 billion.
Weekly real estate sales were distributed as follows: 3,450 sales of residential units, 449 sales of buildings, 329 sales of land, and a total of 4,278 sales, according to data from the «Dubai Rest» application, affiliated with the Dubai Land Department.
Sales of Dubai ready-made properties amounted to about 7.58 billion dirhams, through the implementation of 1,507 transactions.
While real estate sales on the map amounted to about 7.35 billion dirhams, through the implementation of 2,771 transactions.
Real estate mortgages recorded 822 transactions, worth 2.89 billion dirhams, distributed as follows: 491 for residential units, 118 for buildings, and 213 for land.
While the value of donations amounted to about 943.8 million dirhams, with 166 transactions, distributed over 132 transactions for housing units, nine transactions for buildings, and 25 transactions for land.
In terms of daily performance, real estate transactions in Dubai recorded, on Friday, about 2.84 billion dirhams.
This comes after the implementation of 702 deals, including sales worth AED 1.83 billion.
During last week’s trading, the real estate market in Dubai witnessed record deals.
It consisted of selling a luxury residential apartment on the map in the Jumeirah II area, and mortgaging a hotel in the World Islands area.
According to data from the Dubai Land Department, the residential apartment has an area of approximately 21,812 square feet and a price of AED 9,627 per square foot.
With a total value of 210 million dirhams.
The market recorded another record deal, which was the mortgage of a hotel in the World Islands region (Zaya Zoha Island) on an area of 392,161 thousand feet.
With a value of 1,407 dirhams per square foot, for a total of 552 million dirhams.
