18.1 billion dirhams in Dubai’s weekly real estate transactions

Real estate transactions in Dubai recorded, during the week’s transactions, about 18.1 billion dirhams, after implementing 5,393 transactions, which included sales worth 13.96 billion dirhams.
The weekly real estate sales were divided into 3,337 sales of residential units, 486 sales of buildings, and 343 sales of land, with a total of 4,166 transactions, according to data from the “Dubai Rest” application, affiliated with the Dubai Land Department.
Sales of ready properties amounted to about 7.15 billion dirhams, through the implementation of 1,468 sales, while sales of off-plan properties amounted to about 6.81 billion dirhams, through the implementation of 2,698 transactions.
Mortgages recorded 1,032 transactions, worth 3.05 billion dirhams, distributed over 660 transactions for residential units, 127 for buildings, and 245 for lands, while the value of gifts amounted to about 1.09 billion dirhams, with 195 transactions, distributed over 158 transactions for residential units, nine transactions for buildings, and 28 for lands.
The “Sheikh Mohammed bin Rashid Gardens” area came in the lead in terms of sales value with 1.36 billion dirhams, followed by “Business Bay” with about 993.7 million dirhams, while “Al Yalayis 1” recorded 824.02 million dirhams.
The “First Creeks” area came fourth with 667.45 million dirhams, then the “Airport City” area came fifth, recording 626.93 million dirhams.
The “Dubai Investment Park II” area ranked sixth with about 541.89 million dirhams, followed by the “Dubai Maritime City” area, which recorded 433.51 million dirhams, while “Palm Jumeirah” came eighth with 410.41 million dirhams, “Alifrah 1” was ninth with 375.85 million dirhams, and the “Burj Khalifa” area was tenth recorded. 353.88 million dirhams.
At the level of daily performance, real estate transactions in Dubai today recorded about 3.2 billion dirhams, after implementing 742 deals, which included sales worth 1.8 billion dirhams.
The “Business Bay” area came in the lead in terms of sales value with 232.47 million dirhams, followed by “Al Yalayis 1” with about 157.2 million dirhams, “Dubai Investment Park One” with 121.47 million dirhams, “Alifrah 1” with 108.64 million dirhams, then the “Sheikh Mohammed bin Rashid Gardens” area with 96 million dirhams.