Dubai Real Estate Market Sees AED 12.53 Billion in Sales in One Week
Dubai Real Estate Market Sees AED 12.53 Billion in Sales in One Week
Dubai's real estate market experienced significant activity last week, with total transactions amounting to approximately AED 16.49 billion. This figure includes AED 12.53 billion from property sales, as reported by the Dubai Land Department's "Dubai Rest" application.
Breakdown of Transactions
Residential Units: 4,322 sales
Buildings: 277 sales
Land Plots: 385 sales
Additionally, there were 899 mortgage transactions valued at AED 2.62 billion and 194 gift transactions totaling AED 1.34 billion.
Top Performing Areas
The "Business Bay" area led in sales value with AED 888.19 million, followed by "Airport City" at AED 659.74 million, and "Dubai Investment Park II" at AED 606.95 million. Other notable areas include "Jumeirah Village Circle" and "Palm Jumeirah," with sales of AED 592.04 million and AED 573.34 million, respectively.
Daily Performance
On a daily basis, Dubai's real estate market recorded transactions worth AED 2.75 billion, encompassing 900 deals. The "Barsha Heights" area topped the daily sales chart with AED 183.09 million, followed by "Palm Jumeirah" at AED 177.65 million.
