Dubai real estate records the highest weekly sales ever at 22 billion dirhams

Dubai real estate actions in Dubai recorded more than 25.87 billion dirhams, after the implementation of 9331 deals, which included sales of 22.04 billion dirhams, which are the highest in a week, ever.

Weekly real estate sales were distributed by 7,242 sales of residential units, 384 sales of buildings, 701 sales of land, with a total of 8,327 transactions, according to the Dubai Rast application data, which is affiliated with the Dubai Land and Property Department.

The mortgage recorded 1186 transactions, at a value of 2.87 billion dirhams distributed by 857 sales of residential units, 133 sales of buildings, 196 sales of land, while the value of gifts amounted to about 965.9 million dirhams, with 157 transactions distributed over 107 sales of residential units, 15 sales of buildings, and 35 sales of land.

The “Wadi Al -Safa 3” region came in the forefront in terms of the value of real estate sales with 1.74 billion dirhams, followed by “Airport City” in second place with about 1.07 billion dirhams, and “Jumeirah Licar Towers”, a third, registered 1.04 billion dirhams, followed by “Nakhleh Jumeirah”, recording 914.73 million dirhams, then the “Burj Khalifa” area registered 863.44 million dirhams.

For his part, the real estate mediator, Abdullah Abdel -Qader, stressed that “this remarkable growth reflects several factors, the most important of which is the increasing investment gravity of the emirate, and the confidence of investors in its strong and stable economy,” noting that the records of sales are driven by a strong demand from foreign and local investors alike.

He said: «Dubai is an attractive investment destination, because of its advanced infrastructure, flexible real estate legislation, and attractive returns on investment, all of which are factors that attract capital, and are pushed with sales to these historical levels.

Abdel -Qader explained that the new and innovative real estate projects play a pivotal role in this prosperity, noting that the real estate developers in Dubai offer a variety of options that meet the needs and desires of various segments of investors, starting from luxury units to modern apartments and homes that focus on a specific lifestyle.

He indicated that the ease of ownership procedures and multiple financing options increases the market attractiveness, in addition to the fact that government incentives and the forward -looking vision of Dubai’s leadership contributes greatly to supporting this growth.

He stressed that the future expectations of the real estate market in Dubai seem very promising, expecting that real estate sales will continue to achieve record levels, supported by population growth, continuous demand for high -quality real estate, and the firm confidence in the future of the prosperous emirate.