The Dubai real estate market had a total of 15.1 billion dirhams in transactions through 4,598 procedures last week, according to data from the Land Department application in the emirate. Sales accounted for about 9.8 billion dirhams with 3,700 deals.
In terms of value, the Dubai Islands region led the way with 575.4 million dirhams followed by Ras Al Khor Industrial First and Sheikh Mohammed bin Rashid Gardens. When it comes to residential sales, there were 3,370 deals worth 6.9 billion dirhams, with apartments being the majority of transactions. The highest residential deals were on Palm Jumeirah, Burj Khalifa and Al Jaddaf.
For land sales, there were 329 deals worth 2.87 billion dirhams. The highest land deals were in Mohammed Bin Rashid City – District 1, Palm Jumeirah and Palm Jebel Ali. Mortgages amounted to 4.4 billion dirhams through 716 procedures, with Palm Jumeirah leading in value. Donations reached a total of 914.4 million dirhams, with Al Quoz Industrial First being the highest in value followed by Palm Jumeirah and Jumeirah Bay.
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Overall, the Dubai real estate market is thriving with various transactions happening every day through different procedures such as sales
