2.43 billion dirhams in Dubai real estate sales in the second trading of the week

Real estate transactions in Dubai recorded more than 5.48 billion dirhams at the end of Tuesday’s trading, the second transaction of this week, which included sales worth more than 2.43 billion dirhams after executing 707 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 Business Bay area, with a value of 120.377 million dirhams, resulting from the implementation of 41 transactions, then the Bu Qudra area, with about 48.30. One million dirhams resulting from the implementation of 23 single transactions, then the subsistence area with approximately 39.74 million dirhams resulting from the implementation of 16 Deal.

According to the data, the total value of the mortgage during the day amounted to more than 2.84 billion dirhams, after implementing 114 procedures. The total value of real estate donations amounted to about 211.95 million dirhams, after 82 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 at the end of last October, recording more than 20,000 transactions with a total value of 60.5 billion UAE dirhams (16.47 billion US dollars)..