Dubai real estate continues its daily momentum… and records transactions amounting to 3.57 billion dirhams

Today, the real estate market in Dubai witnessed remarkable activity, with continued momentum in daily deals, as the total real estate transactions recorded about 3.57 billion dirhams, through the implementation of 1,178 deals, while deals were executed for luxury residential apartments, with a value exceeding 227 million dirhams, in an indicator that reflects the strength of demand and investor confidence in the real estate market in the emirate, with the market ignoring regional tensions.
Sales recorded more than 2.64 billion dirhams, after the implementation of 888 transactions, distributed by 762 sales of residential units, 57 sales of buildings, and 69 sales of lands, according to data from the “Dubai Rest” application, affiliated with the Dubai Land Department.

Sales of ready properties amounted to about 968.54 million dirhams through the implementation of 219 deals, divided into 135 sales of residential units, 15 sales of buildings, and 69 sales of lands, while sales of off-plan real estate amounted to about 1.67 billion dirhams, through 669 deals, divided into 627 sales of residential units, and 42 sales of buildings. Real estate mortgages recorded 260 transactions, worth 677.66 million dirhams, distributed as 171 transactions for residential units, 26 transactions for buildings, and 63 transactions for land.

In turn, the value of the donations amounted to about 255.86 million dirhams, in 30 transactions, distributed among 12 transactions for residential units, two transactions for buildings, and 16 transactions for land.

Thus, real estate sales accounted for 73.85% of the total value of transactions recorded today.
The “Sheikh Mohammed bin Rashid Gardens” area topped the list of the highest-selling areas during today’s transactions, with a value exceeding 196.74 million dirhams, followed by “Al Yalayis 5” with a value of about 183.67 million dirhams, then “Al Yalayes 1” area, with a value of 136.28 million dirhams, and then “Palm Deira” with a value of 130.28 million dirhams.

Jebel Ali ranked fifth, recording 117.7 million dirhams, followed by the “Business Bay” area with a value of 114.07 million dirhams, then “Bluewaters” with about 90 million dirhams, followed by Dubai Marina with a value of 89.86 million dirhams, then “Jumeirah Village Circle” with 84.14 million dirhams, while “Zabeel II” came last, recording 82.55 million dirhams. Dirham.
Today, the real estate market witnessed the implementation of remarkable deals for luxury residential apartments, the most notable of which was the sale of an apartment in the Palm Jumeirah area of ​​the “Armani Beach Residences” project, extending over an area of ​​6,330.74 square feet, at a price of 7,733.69 dirhams per square foot, for a total of 48.96 million dirhams.

A luxury residential apartment was also sold in the “Residences” project in “Dubai Harbour”, covering an area of ​​7,681.08 square feet, at a price of 4,229.61 dirhams per square foot, for a total of 32.48 million dirhams.
The resale market also witnessed activity, as an apartment in “Blue Waters Residences” was sold, covering an area of ​​9,411.84 square feet, at a price of 9,559.38 dirhams per square foot, for a total of 90 million dirhams.
In addition to selling an apartment in the “Aman Residences Dubai” project in Jumeirah II, on an area of ​​3,824.34 square feet, at a price of 14,556.3 dirhams per square foot, for a total of 55.66 million dirhams.