In a week, the total transactions in the Dubai real estate market reached 15.1 billion dirhams through 4,598 procedures, according to data from the Dubai Rest application of the Land Department in the emirate. Sales accounted for about 9.8 billion dirhams, with 3,700 deals. The Dubai Islands region led in terms of value with 575.4 million dirhams, followed by Ras Al Khor Industrial First and Sheikh Mohammed bin Rashid Gardens.
According to Dubai Land Department data, there were 3,370 residential sales worth 6.9 billion dirhams, with apartments making up the majority of transactions. Land sales reached 2.87 billion dirhams through 329 deals. Highest residential deals were on Palm Jumeirah, Burj Khalifa, and Al Jaddaf. 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 914.4 million dirhams, with the highest in Al Quoz Industrial First, Palm Jumeirah, and Jumeirah Bay.
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