The real estate transactions recorded by the Dubai Land Department reached a total of 19 billion dirhams last week, resulting from 5,375 deals.
During this period, the department noted over 4,034 sales agreements valued at 11.8 billion dirhams, alongside 910 mortgage transactions worth 4.4 billion dirhams. Additionally, 215 gift transactions were documented, amounting to 2.7 billion dirhams.
The weekly sales were categorized as follows: 345 land sales, 3,477 residential unit sales, and 212 building sales, while the mortgage transactions included 222 for land, 853 for residential units, and 135 for buildings.
The sales of ready properties in Dubai totaled 6.6 billion dirhams from 1,450 deals, whereas off-plan property sales generated 5.1 billion dirhams from 2,584 transactions.
The Business Bay area topped the list for sales value, reaching 859 million dirhams, followed by the Jumeirah Village Circle with 583 million dirhams, Al Nad Al Shiba First at 426 million dirhams, Burj Khalifa at 422 million dirhams, and Falcon City of Wonders at 386 million dirhams.
Notably, a residential land parcel was sold in Falcon City of Wonders for 364 million dirhams, another land plot in Umm Al Daman for 275 million dirhams, and a residential apartment off-plan in Jumeirah Second for 71 million dirhams.