22.6 billion dirhams Dubai real estate behavior during a week

Real estate actions in Dubai recorded about 22.59 billion dirhams during the past week, after the implementation of 6100 deals, which included sales of 17.37 billion dirhams.

Weekly real estate sales were distributed by 4,132 sales of residential units, 198 sales of buildings, and 553 sales of land, with a total of 4,883 transactions, according to the Dubai Rest application data of the Dubai Land and Property Department.

The mortgage recorded 1062 transactions, at a value of 4.21 billion dirhams, distributed by 635 sales of residential units, 156 sales of buildings, 271 sales of land, while the value of gifts amounted to about 1.01 billion dirhams, with 155 transactions distributed over 113 sales of residential units, six sales of buildings, and 36 sales of land.

The “Ras Al -Khor” area came in the forefront in terms of the value of real estate sales with 2.9 billion dirhams, followed by the “Business Gulf” in second place with about 1.5 billion dirhams, and “Wadi Al -Safa 3” in third place, recording 1.08 billion dirhams, followed by “Jumeirah II”, recording 710.05 million dirhams, then the Dubai Second Investment Complex area, recorded 671.69 million dirhams.

On the level of daily performance, real estate actions in Dubai recorded about 2.68 billion dirhams, after the implementation of 718 deals, which included sales of 2.18 billion dirhams.

The “Business Gulf” area came in the forefront in terms of the value of real estate sales with 887.77 million dirhams, followed by “Jumeirah II” in second place with about 167.15 million dirhams, and the third “Dubai Navi City”, registered 82.47 million dirhams, followed by “Jumeirah Vigor Serkel”, recording 68.51 million dirhams, then the Dubai Second Investment Complex, registered 49 million dirhams.

Yesterday, the real estate market in Dubai witnessed the sale of a plot of land in the Business Gulf area with an area of 115.84 thousand feet, at a value of 780.76 million dirhams.

Commenting on this, the CEO of Al -Aqqi Real Estate Company in Dubai, Nader Talaat, confirmed that the performance of the real estate sector in Dubai from the beginning of the summer season until this week remains very positive, supported by the continued flow of capital and the escalation of investor confidence.

He pointed out in statements to «Emirates Today» that despite the seasonal challenges related to the summer period, the market shows unprecedented flexibility and the ability to absorb the increasing demand.

He added that there is a noticeable increase in trading volume, whether at the level of housing or commercial units, supported by new residence programs and major development projects that enhance Dubai’s attractiveness as a global center for business and living.

Talaat explained that the advanced infrastructure, stimulating legislation, and the continuation of economic diversity are all basic factors that contribute to this positive momentum.