2.99 billion dirhams in Dubai real estate transactions in the first transactions of the week

Real estate transactions in Dubai recorded more than 2.99 billion dirhams at the end of today’s transactions (Monday), the first transactions of this week, which included sales worth more than 2.08 billion dirhams after executing 809 transactions.
Monitoring conducted by Emirates Today, based on indicators of the Dubai Rest platform of the Dubai Land Department, showed that the highest areas in terms of real estate sales at the end of today’s transactions was the “Jumeirah Village Circle” area, with a value of 205.35 million dirhams resulting from the implementation of 104 transactions, then The “Airport City” area with approximately 127.62 million dirhams resulting from the implementation of 8 deals, then the “Palm Jumeirah” area with approximately 97.87 million dirhams resulted from the implementation of 10 deals.
According to the data, the total value of the mortgage amounted to more than 485.31 million dirhams, after implementing 378 procedures. The total value of real estate donations amounted to about 431.68 million dirhams, after 51 transactions were carried out.
Commenting on the matter, Karim Nasser, Marketing Director at SAS Real Estate Development Company, said that the real estate sector in Dubai is witnessing a remarkable boom, with a significant increase in demand for various types of projects, whether they are ready or under implementation, or those that belong to the market. High school. This remarkable growth is due to the increasing demand from foreign and resident investors, benefiting from the unique investment opportunities offered by the market.
Nasser added that the high demand for the secondary market comes with the support of several main factors, most notably the quality of available real estate projects, the increased demand for real estate within the emirate, in addition to high profit margins and lucrative returns in the long term. The market is also characterized by the diversity of projects between residential, commercial and luxury, supported by the strength of advanced infrastructure and the flexibility of legislation that enhances the attractiveness of investment in Dubai.