Last week, real estate transactions in the Dubai Land Department reached a total of 18.2 billion dirhams, resulting from 5,231 deals. This included over 4,133 property sales valued at 11.9 billion dirhams and 856 mortgage transactions worth 2.4 billion dirhams, in addition to 242 gift agreements totaling 3.9 billion dirhams.
The weekly sales were distributed as follows: 492 land sales, 3,429 residential unit sales, and 212 building sales. Meanwhile, mortgage transactions included 189 for lands, 549 for residential units, and 131 for buildings.
Sales of ready-built properties in Dubai amounted to 6.7 billion dirhams from 1,594 transactions, while off-plan property sales reached 5.2 billion dirhams from 2,539 transactions.
The Business Bay area led in sales value with 551 million dirhams, followed by the Dubai Investment Park II at 529 million dirhams, and Jumeirah Village Circle with sales of 454 million dirhams. The Palm Jumeirah saw sales reach 442 million dirhams, while Jumeirah Village Roundabout recorded 391 million dirhams.
Notably, a plot of land designated for a sports club in the Horizon area was sold for 165 million dirhams. Additionally, a luxury off-plan apartment in the Bulgari Lighthouse project on Jumeira Bay Island was valued at 146 million dirhams. Another off-plan apartment in the Zabeel Second area, part of the Akala Hotels and Residences project, sold for 125 million dirhams, alongside a residential plot in Al Mamzar which went for 107 million dirhams.