2.37 billion dirhams in Dubai real estate sales in the first transactions this week

Real estate transactions in Dubai recorded more than 5.46 billion dirhams at the end of Monday’s transactions, the first transactions of this week, which included sales worth more than 2.37 billion dirhams after executing 878 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 “Business Bay” with about 186.93 million dirhams resulting from the implementation of 62 transactions, then the “City” area. Dubai Maritime, with a value of 142.38 million dirhams, resulting from the implementation of 43 deals, then the Burj Khalifa area, with an amount of 89.99 million. AED resulting from the implementation of 11 transactions.

According to the data, the total value of mortgages in Dubai jumped during the day to the level of 2.44 billion dirhams, after implementing 154 procedures. The total value of real estate donations amounted to about 655.37 million dirhams, after 45 transactions were carried out.

Dubai is attracting wealthy people from around the world, especially from the United Kingdom, East Asia and the United States, which helped increase the delivery of new homes by 50% in the third quarter of 2024.

The real estate market in Dubai reached its peak last October, recording more than 20,000 transactions with a total value of 60.5 billion UAE dirhams (16.47 billion US dollars).