On Wednesday, the Dubai real estate market witnessed a surge in activity with 793 procedures reported by the Land Department. A total of 3.85 billion dirhams in transactions were recorded, with donations amounting to 1.07 billion dirhams. The highest grant was for land worth one billion dirhams on Palm Jumeirah.
Sales reached 2.27 billion dirhams through 632 deals, with Mankhool leading in sales volume with 213 million dirhams. Residential unit sales totaled 1.25 billion dirhams, with Palm Jumeirah dominating in sales value. Meanwhile, land sales approached 1.01 billion dirhams through 71 deals, with Mankhool leading in sales value. Mortgages totaled 506 million dirhams from 140 procedures, with Business Bay recording the highest mortgage value.
The Dubai real estate market displayed various trends with different areas and types of properties experiencing high levels of activity and transactions. The surge in activity indicates a healthy and growing market, which continues to attract investors and buyers from around the world.
