Dubai Land Department recorded AED 17.2 billion in real estate transactions last week, resulting from 5,218 deals. These included more than 4,048 sale transactions worth AED 13.1 billion, 916 mortgage deals worth AED 3.2 billion, and 254 gift transactions totaling AED 924 million.
The weekly sales were distributed as follows: 622 land sales, 3,214 residential unit sales, and 212 building sales. Mortgage transactions included 256 for lands, 586 for residential units, and 122 for buildings.
The value of ready property sales in Dubai reached AED 7.9 billion across 1,807 transactions, while off-plan sales totaled AED 5.1 billion across 2,241 deals.
Al Muteena Second topped all areas in terms of transaction value with AED 5.1 billion, followed by Business Bay with AED 820 million, Al Yalayis 1 with AED 708 million, Wadi Al Safa 3 with AED 506 million, and Jumeirah Village Circle with AED 456 million.
Notable transactions included the sale of an industrial plot in Dubai Maritime City for AED 156 million, a ready apartment on Palm Jumeirah within “The Royal Atlantis” project for AED 65 million, and an under-construction apartment in Jumeirah 1 within the “Jumeirah Azure Bay” project for AED 52 million.
