13.87 billion dirhams in Dubai real estate weekly transactions

During the week’s transactions, real estate transactions in Dubai recorded more than 13.87 billion dirhams through the implementation of 4,261 transactions, which included sales worth 8.72 billion dirhams.

Real estate sales were divided into 2,597 sales of residential units, 208 sales of buildings, and 212 sales of lands, with a total of 3,017 transactions, according to data from the “Dubai Rest” application of the Dubai Land Department.

Ready real estate sales amounted to about 5.23 billion dirhams through the implementation of 1,013 transactions, divided into 725 transactions for residential units, 76 transactions for buildings, and 212 transactions for land, while off-plan real estate sales recorded about 3.49 billion dirhams through 2004 transactions, divided into 1,872 transactions for residential units and 132 transactions for buildings.

There were 1,047 mortgage transactions recorded, worth 3.82 billion dirhams, distributed as 615 transactions for residential units, 129 transactions for buildings, and 303 transactions for land. The value of the donations amounted to about 1.33 billion dirhams, in 197 transactions, distributed among 143 transactions for residential units, 14 transactions for buildings, and 40 transactions for land.

At the level of daily performance, real estate transactions in Dubai today recorded about 2.28 billion dirhams, after implementing 517 transactions, which included sales worth 1.73 billion dirhams, while the value of mortgages amounted to 471.83 million dirhams, while donations recorded 74.93 million dirhams.

Thus, sales accounted for about 75.97% of the total transactions recorded today, while mortgages accounted for 20.74%, and donations accounted for about 3.29%.