In a week, the Dubai real estate market saw an impressive 15.1 billion dirhams in transactions, with 4,598 procedures reported by the “Dubai Rest” application of the Land Department in the emirate. Out of these transactions, sales made up about 9.8 billion dirhams, with “Dubai Islands” leading the way at 575.4 million dirhams, followed closely by “Ras Al Khor Industrial First” and “Sheikh Mohammed bin Rashid Gardens”.
The residential market in Dubai recorded an astonishing 3,370 sales worth 6.9 billion dirhams, with apartments accounting for the largest share. The highest residential deals were seen in “Palm Jumeirah”, “Burj Khalifa”, and “Al Jaddaf”. Meanwhile, land sales reached a staggering 2.87 billion dirhams, with the highest deals taking place in “Mohammed Bin Rashid City – District 1” and “Palm Jumeirah”.
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In addition to sales and land transactions, mortgages totaled an impressive 4.4 billion dirhams in Dubai’s real estate market within a week. The highest mortgages were recorded in “Palm Jumeirah” and “Business Bay”. Donations also reached an impressive 914.4 million dirhams within a week, with the highest donations given to “Al Quoz Industrial First”, “Palm Jumeirah”, and “Jumeirah Bay”.
