This week, the Dubai real estate market recorded a total of 4.56 billion dirhams in transactions, with 1,541 procedures reported by the Land Department. Of these transactions, sales accounted for 2.8 billion dirhams through 1,230 deals. The “Palm Jumeirah” region led in sales volume with 234 million dirhams through 17 deals, followed closely by “Meydan One” with about 202 million dirhams from 303 deals and “Wadi Al Safa 5” with 162 million dirhams from 374 deals. In terms of residential units sold, there were a total of 1,037 units sold. Meanwhile, buildings/villas and lands recorded 72 and 125 transactions respectively.
In addition to sales transactions, mortgages also reached a total of 964 million dirhams from 269 procedures. The highest amount in mortgages was in the “Nad Al Sheba First” area with one procedure worth approximately 450 million dirhams. Following closely behind was “Dubai Marina” with about