22 billion dirhams in Dubai real estate weekly transactions

During the week’s transactions, real estate transactions in Dubai recorded about 22 billion dirhams, after implementing 5,352 transactions, which included sales worth 14.79 billion dirhams.

The weekly real estate sales were divided into 3,731 sales of residential units, 377 sales of buildings, and 279 sales of lands, with a total of 4,387 transactions, according to data from the “Dubai Rest” application of the Dubai Land Department.

Mortgage transactions recorded 794 transactions, worth 4.68 billion dirhams, distributed over 498 residential units, 125 buildings, and 171 lands, while the value of gifts amounted to about 2.53 billion dirhams, with 171 transactions distributed over 113 residential units, eight buildings, and 50 lands.

The “Sheikh Mohammed bin Rashid Gardens” area came in the lead in terms of the value of real estate sales with 1.5 billion dirhams, followed by “Dubai Investment Park II” with about 1.02 billion dirhams, “Business Bay” with 765.58 million dirhams, “Jumeirah Village Circle” with 622.61 million dirhams, then the “Palm Jumeirah” area with 501.49 million dirhams.

On the daily performance level, real estate transactions in Dubai recorded about 1.57 billion dirhams yesterday, after implementing 501 deals, which included sales worth 1.21 billion dirhams.

The “La Mer” area came in the lead in terms of sales value with 119.89 million dirhams, followed by “Business Bay” with about 85.72 million dirhams, “Dubai Investment Park II” with 80.19 million dirhams, “Palm Deira” with 77.67 million dirhams, then the “Jumeirah Village Circle” area with 64.97 million dirhams.