In one week, total transactions in Dubai’s real estate market reached AED15 billion from 4,908 sales and mortgage transactions, according to data from the Dubai Land Department.
Sales were about 13 billion dirhams from 4,060 deals. The “Airport City” area had the most sales, with deals worth 1.98 billion dirhams from 483 transactions. “Dubai Harbour” was next with about 1.82 billion dirhams from 8 deals, followed by “Dubai Silicon Oasis” with 716 million dirhams from 49 sales.
As for mortgages, they totaled 1.7 billion dirhams from 718 actions. The highest was in “Al Nahda First” with a value of 112.5 million dirhams from one transaction, then “Dubai Hills” with 102 million dirhams from 16 actions, followed by “Al Furjan” with about 101 million dirhams from 29 mortgages.
Daily transactions on Friday reached 2.78 billion dirhams from 822 actions. Sales were 2.46 billion dirhams from 24 deals, mortgages were about 293 million dirhams from 120 actions, and gifts were worth 28 million dirhams from 17 transactions.
