18.86 billion dirhams in Dubai’s weekly real estate transactions

Real estate transactions in Dubai recorded, during last week’s transactions, about 18.86 billion dirhams, after implementing 5,547 transactions, which included sales worth 14.47 billion dirhams.

The weekly real estate sales were divided into 3,711 sales of residential units, 603 sales of buildings, and 229 sales of land, with a total of 4,543 sales, according to data from the “Dubai Rest” application, affiliated with the Dubai Land Department.

Dubai’s ready real estate sales amounted to about 6.37 billion dirhams, through the implementation of 1,234 transactions, while off-plan real estate sales amounted to about 8.11 billion dirhams, through the implementation of 3,309 transactions.

Mortgages recorded 813 transactions, worth 2.09 billion dirhams, distributed into 477 residential units, 127 buildings, and 209 lands, while the value of gifts amounted to about 2.3 billion dirhams, with 191 transactions, distributed over 103 residential units, 11 buildings, and 77 lands.

The “Dubai Investment Park” area came in the lead in terms of the value of real estate sales with 1.61 billion dirhams, followed by “Al Habiyah 1” with about 1.08 billion dirhams, “Palm Jebel Ali” with 717.49 million dirhams, “Business Bay” with 652.1 million dirhams, then the “Jumeirah Village Circle” area with 604.76 million dirhams.

The “Majan” area ranked sixth, recording about 477.23 million dirhams, followed by “Umm Suqeim 1”, recording 448.76 million dirhams, “Airport City”, recording 408.64 million dirhams, “Al-Yalais 1”, recording 314.9 million dirhams, and tenth, the “La Mer” area, recording 290.94 million dirhams.

At the level of daily performance, real estate transactions in Dubai yesterday recorded about 2.59 billion dirhams, after implementing 830 transactions, which included sales worth 2.14 billion dirhams.

The “Al Habiyah 1” area came in the lead, in terms of sales value, with 385 million dirhams, followed by “Dubai Investment Park II” with about 289.94 million dirhams, “Jumeirah Village Circle” with 173.69 million dirhams, “Business Bay” with 125.36 million dirhams, then the “Majan” area with 104.79 million dirhams.