9.63 billion dirhams in Dubai real estate transactions in a week

During last week’s transactions, real estate transactions in Dubai recorded more than 9.63 billion dirhams through the implementation of 4,283 transactions, which included sales worth 6.72 billion dirhams.

Real estate sales were divided into 2,646 sales of residential units, 122 sales of buildings, and 371 sales of lands, with a total of 3,139 transactions, according to data from the “Dubai Rest” application of the Dubai Land Department.

Ready real estate sales amounted to about 2.89 billion dirhams through the implementation of 953 transactions, divided into 525 transactions for residential units, 57 transactions for buildings, and 371 transactions for land, while off-plan real estate sales continued to excel to record about 3.83 billion dirhams through 2,186 transactions, divided into 2,121 transactions for residential units and 65 transactions for buildings.

946 mortgage transactions were recorded, with a value of 2.13 billion dirhams, distributed as 693 transactions for residential units, 187 transactions for buildings, and 166 transactions for land. The value of the donations amounted to about 734.41 million dirhams, in 198 transactions, distributed among 157 transactions for residential units, 21 transactions for buildings, and 20 transactions for lands.

The “Business Bay” area topped the list of areas during last week’s transactions, in terms of the value of real estate sales, with 806 million dirhams, followed by “Airport City” with about 438 million dirhams, then the “Palm Deira” area, recording 244 million dirhams, while the “Dubai Silicon Oasis” area came with 241 million dirhams, then the “Al Hebiyah Fourth” area, which recorded 212 million dirhams.

At the level of daily performance, real estate transactions in Dubai yesterday recorded about 1.95 billion dirhams, after implementing 963 transactions, which included sales worth 1.21 billion dirhams, while the value of mortgages amounted to 647.87 million dirhams, while donations recorded 100.46 million dirhams.