Today, the real estate transactions recorded by the Dubai Land Department reached over 3.7 billion dirhams through 1,003 deals.
The department documented 833 sales totaling 3.3 billion dirhams, which included 72 sales of land, 647 sales of residential units, and 114 sales of buildings.
A notable transaction was the sale of a luxurious off-plan apartment for a record price of 210 million dirhams.
According to the Dubai Land Department’s data, the apartment is located in Jumeirah Second within the “Peninsula Dubai Residences – Tower 2” project. It features 5 bedrooms and a spacious living area, covering an area of 21,812 square feet, which translates to approximately 9,628 dirhams per square foot.
The market also noted mortgages totaling 300 million dirhams across 145 transactions, including 39 land mortgages, 82 residential unit mortgages, and 24 building mortgages. Additionally, there were 25 gift transactions valued at 78 million dirhams.