Real estate transactions recorded by the Dubai Land Department reached AED 18.7 billion last week, resulting from 5,871 deals. The department registered more than 4,811 sales transactions worth AED 14.2 billion, along with 905 mortgage deals worth AED 3.6 billion, and 155 gift transactions valued at AED 912 million.
Weekly sales transactions were distributed as follows: 329 land sales, 4,168 sales of residential units, and 314 building sales. Mortgage transactions included 208 mortgages for lands, 623 mortgages for residential units, and 145 mortgages for buildings.
Sales of ready properties in Dubai amounted to AED 6.6 billion from 1,424 deals, while off-plan property sales reached AED 7.6 billion from 3,387 deals.
Umm Suqeim First ranked first in terms of sales value with AED 1.05 billion, followed by Airport City with AED 843 million, Palm Deira in third place with AED 787 million, Business Bay in fourth place with AED 721 million, and Burj Khalifa in fifth place with AED 626 million.
The market also witnessed the sale of a land plot in Umm Suqeim First valued at AED 136 million, as well as the sale of an off-plan residential apartment in Jumeirah First within the “Solaya” project for AED 82 million, in addition to the sale of a land plot designated for a sports club in the Horizon area for AED 129 million.
