11.72 billion dirhams in Dubai real estate weekly transactions

Last week, the real estate market in Dubai recorded a remarkable performance, continuing its strong path, as the total value of transactions exceeded 11.72 billion dirhams, through 4,000 transactions, which reflects the strength of the market and its ability to maintain its stability despite various regional changes, supported by an increasing demand from local and international investors who continue to enhance levels of demand.

The weekly real estate transactions included sales worth 8.75 billion dirhams, distributed by 2,670 sales of residential units, 171 sales of buildings, 227 sales of lands, with a total of 3,068 transactions, according to data from the “Dubai Rest” application, affiliated with the Dubai Land Department.

Ready real estate sales amounted to about 3.66 billion dirhams through the implementation of 762 transactions, divided into 490 transactions for residential units, 45 transactions for buildings, and 227 transactions for land, while off-plan real estate sales continued to excel to record about 5.09 billion dirhams through 2,306 transactions, divided into 2,180 transactions for residential units and 126 transactions for buildings.

Mortgage transactions recorded 847 transactions, worth 2.62 billion dirhams, distributed as 529 transactions for residential units, 95 transactions for buildings, and 223 transactions for lands.

The value of the donations amounted to about 357.53 million dirhams, in 85 transactions, distributed among 65 transactions for residential units, nine transactions for buildings, and 11 transactions for lands.

At the level of daily performance, real estate transactions in Dubai yesterday recorded about 1.45 billion dirhams, after implementing 472 deals, which included sales worth 1.01 billion dirhams, while the value of mortgages amounted to 290.37 million dirhams, while donations recorded 150.4 million dirhams.