The Dubai real estate market experienced a whopping 15.1 billion dirhams in transactions within a week, as reported by the “Dubai Rest” application of the Land Department in the emirate. This is an impressive feat, considering that it was achieved through 4,598 procedures. Out of these transactions, sales made up about 9.8 billion dirhams, with the “Dubai Islands” region leading in size at 575.4 million dirhams, followed by “Ras Al Khor Industrial First” and “Sheikh Mohammed bin Rashid Gardens”.
The residential market in Dubai recorded 3,370 sales worth 6.9 billion dirhams, with apartments accounting for the largest share. In terms of the highest residential deals, “Palm Jumeirah”, “Burj Khalifa”, and “Al Jaddaf” topped the list. On the other hand, land sales reached 2.87 billion dirhams, with the highest deals in “Mohammed Bin Rashid City – District 1” and “Palm Jumeirah”.
Mortgages totaled 4.4 billion dirhams, with the highest recorded in “Palm Jumeirah” and “Business Bay”. Donations reached 914.4 million dirhams, with the highest in “Al Quoz Industrial First”, “Palm Jumeirah”, and “Jumeirah Bay”.
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