AED13.6 Billion in Dubai Real Estate Transactions in a Week.
K Estates Dubai
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Last week, the Dubai Land Department recorded real estate transactions totaling AED 13.6 billion across 4431 deals. These included 3,598 sales worth AED 9.46 billion, 675 mortgage deals worth AED 3.5 billion, and 158 grant transactions valued at AED 667.5 million.
The weekly sales transactions were distributed as follows: 354 land sales, 3049 residential unit sales, and 195 building sales. Mortgage deals included 175 for lands, 680 for residential units, and 122 for buildings. Ras Al Khor Industrial Area One led in sales value with AED 735 million from 362 transactions.
Palm Deira came in second with 79 transactions worth AED 729 million, followed by the Burj Khalifa area with 588 transactions totaling AED 101 million, Business Bay with 251 transactions worth AED 564 million, and Dubai Maritime City with 193 transactions valued at AED 467 million.