8.34 billion dirhams of Dubai real estate transactions in 3 days

Real estate transactions in Dubai, during the three days of last week (from Wednesday to yesterday, Friday), recorded about 8.34 billion dirhams, after the implementation of 2,477 transactions, which included sales worth 6.73 billion dirhams.

The weekly real estate sales were divided into 1,759 sales of residential units, 118 sales of buildings, and 138 sales of lands, with a total of 2,015 transactions, according to data from the “Dubai Rest” application, affiliated with the Dubai Land Department.

There were 382 mortgage transactions recorded, with a value of 1.1 billion dirhams, distributed over 228 residential units, 63 buildings, and 91 lands, while the value of gifts amounted to about 513.9 million dirhams, with 80 transactions distributed over 56 residential units, nine buildings, and 15 lands.

The “Palm Jebel Ali” area came in the lead in terms of the value of real estate sales with 516.13 million dirhams, followed by “Business Bay” with about 512.2 million dirhams, “Airport City” with 451.95 million dirhams, “Palm Jumeirah” with 355.44 million dirhams, then the “Jumeirah Village Circle” area with 308.98 million dirhams.

At the level of daily performance, real estate transactions in Dubai recorded yesterday about 2.82 billion dirhams, after implementing 900 deals, which included sales worth 2.31 billion dirhams.

The “Palm Jumeirah” area came in the lead in terms of sales value with 230.88 million dirhams, followed by “Business Bay” with 203.67 million dirhams, “Dubai Investment Park II” with 170.08 million dirhams, “Airport City” with 152.82 million dirhams, then the “Umm Suqeim 1” area with 151.54 million dirhams.