The real estate transactions in Dubai demonstrated strong performance last week, reaching a total value of 15.63 billion AED from 4,330 deals, according to data from the Land Department. This reflects a continued momentum across various sectors of the market.
Sales dominated the figures, accounting for the largest share with 11 billion AED through 3,075 transactions spread across several prime areas. The top contributor was Business Bay, generating 672.1 million AED, followed by Al Sufouh with 650.5 million AED and Dubai Airport City at 631.3 million AED. Other notable areas included Umm Suqeim First at 377 million AED, Mirdif One at 366.5 million AED, and Palm Jebel Ali at 326.6 million AED, along with Global Village – Phase One at 277 million AED, and Sheikh Mohammed Bin Rashid Gardens at 261.5 million AED.
In terms of mortgages, the total amounted to 3.3 billion AED through 997 transactions, with significant activity noted in Business Bay at 245 million AED, Barsha Heights at 236 million AED, and First Commercial Center at 186 million AED. Other key areas included Jebel Ali Industrial First at 125.5 million AED, Oud Metha at 120.5 million AED, and Dubai Land Residences Complex at 117 million AED.
Regarding gifts, the total reached 1.33 billion AED through 257 transactions, led by Dubai Maritime City with 221.5 million AED, followed by Al Quoz Fourth at 197 million AED and Al Safa First at 127.5 million AED.
On a daily basis, real estate transactions approached 2.5 billion AED yesterday, across 645 deals, which included 2.13 billion AED in sales from 442 transactions, 297.4 million AED in mortgages from 184 deals, and 59 million AED in gifts from 19 transactions.