Money and business

23.33 billion dirhams in Dubai real estate sales since the beginning of the year

Real estate transactions in Dubai recorded more than 30.42 billion dirhams since the beginning of this year until yesterday’s transactions (Friday), that is, during the first 12 days of 2025. Dubai real estate sales during the same period amounted to about 23.33 billion dirhams after implementing 7.1 thousand transactions. .

A monitoring conducted by Emirates Today, based on data from the Dubai Land Department, showed that the highest areas in terms of real estate sales during that period of the current year was the “Palm Jebel Ali” area, with a value of 1.95 billion dirhams, resulting from the implementation of 91 deals, then the “Airport City” area. » With about 6.27 billion dirhams resulting from the implementation of 77 deals, then the “Al-Yalais 1” area with about 1.23 billion dirhams resulting from the implementation 741 transactions.

The value of mortgages during that period also reached 5.83 billion dirhams through 1,466 procedures. The value of real estate donations during that period also amounted to about 1.26 billion dirhams through 362 procedures.

During the week’s transactions, the total value of transactions in the Dubai real estate market, within a week, exceeded the barrier of 12.1 billion dirhams, resulting from 4,410 procedures. Total sales achieved nine billion dirhams, through 3,126 deals, the highest of which came in the Al Yafra 1 area, with about 570 million dirhams resulting from 100 deals.

The value of mortgages amounted to 2.6 billion dirhams, resulting from 1,121 procedures. The Jumeirah Village Circle area came in first place with 588 million dirhams through 202 procedures.

Thus, the real estate sector in Dubai continues to record unprecedented booms amid the increasing demand for various types of residential and commercial properties, which confirms the continued growth of the emirate of Dubai’s attractiveness as a global investment destination, and the importance of the sector as a strong economic pillar that supports development and sustainable growth.

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