The total value of real estate transactions recorded by the Dubai Land Department over the past week reached approximately AED 17.1 billion, distributed across 5,067 deals. The market witnessed 3,972 sales transactions with a total value of AED 12.8 billion, in addition to 888 mortgage deals amounting to AED 3 billion, and 207 gift transactions worth AED 1.3 billion.
The sales transactions included 493 deals for land plots, 3,249 for residential units, and 230 for buildings. Meanwhile, the mortgage deals consisted of 192 for land plots, 816 for residential units, and 135 for buildings.
Ready property sales in Dubai reached AED 7.4 billion through 1,639 transactions, while off-plan property sales amounted to AED 5.3 billion across 2,333 deals.
Dubai Investments Park 2 topped the list of areas by sales value with AED 742 million, followed by Me’aisem Second with AED 575 million, Al Yufrah 1 with AED 525 million, Palm Jumeirah with AED 510 million, and Dubai Maritime City with AED 433 million.
The market recorded the sale of a residential land plot in the Umm Hurair First area for AED 170 million. Additionally, a luxury off-plan apartment was sold in the Bvlgari Lighthouse project on Jumeirah Bay Island for AED 136 million. Another apartment in Jumeirah First within the Jumeirah Asura Bay project was sold for AED 92 million, along with a land plot in Palm Jumeirah sold for AED 89 million.
