Dubai weekly real estate transactions reached AED 15.63 billion across 4,330 deals, according to the “Dubai REST” app by the Dubai Land Department.
Sales totaled AED 11 billion from 3,075 transactions. The top areas included:
Business Bay (AED 672.1M), Saih Shuaib (AED 650.5M), Dubai South / Airport City (AED 631.3M), Umm Suqeim First (AED 377M), Meydan One (AED 366.5M), Palm Jebel Ali (AED 326.6M), International City Phase 1 (AED 277M), and Mohammed Bin Rashid Gardens (AED 261.5M).
Mortgages reached AED 3.3 billion through 997 transactions. Key areas included:
Business Bay (AED 245M), Barsha Heights (AED 236M), Trade Centre First (AED 186M), Jebel Ali Industrial First (AED 125.5M), Oud Metha (AED 120.5M), and Dubai Land Residence Complex (AED 117M).
Gifts amounted to AED 1.33 billion across 257 transactions. The largest were in:
Dubai Maritime City (AED 221.5M), Al Quoz Fourth (AED 197M), and Al Safa First (AED 127.5M).
On Friday alone, transactions approached AED 2.5 billion from 645 deals, including: Sales of AED 2.13 billion (442 transactions), mortgages of AED 297.4M (184 transactions), and gifts of AED 59M (19 transactions).
