Dubai’s real estate transactions reached AED 24 billion last week, according to the Dubai Land Department, through 5,476 deals.
The department recorded more than 4,316 sales transactions worth AED 18.3 billion, along with 909 mortgage transactions valued at AED 4.9 billion. In addition, 251 gift transactions were registered, with a total value of AED 862 million.
Weekly sales were distributed as follows: 504 land sales, 3,378 residential unit sales, and 434 building sales. Mortgage transactions included 234 land mortgages, 823 residential unit mortgages, and 126 building mortgages.
Sales of ready properties reached AED 11.3 billion through 1,558 transactions, while off-plan property sales amounted to AED 7 billion across 2,758 transactions.
Meydan Second (Ma’aisem Second) ranked first in terms of sales value with AED 3 billion, followed by Al Yelayiss 1 with AED 1.9 billion, Business Bay with AED 1.4 billion, Mohammed Bin Rashid Gardens with AED 801 million, and Jaddaf Waterfront with AED 532 million.
The market witnessed the sale of a land plot in Al Yelayiss 1 for AED 1 billion. A villa under construction in The World Islands was sold for AED 71 million, while an off-plan apartment in Jumeirah Bay was sold for AED 80 million. In addition, a hotel unit in The World Islands was mortgaged for AED 552 million.
