The Dubai real estate market experienced a surge of activity within the past week, with over 15.1 billion dirhams in transactions reported by the “Dubai Rest” application of the Land Department. This was based on 4,598 procedures, with sales making up around 9.8 billion dirhams.
In terms of residential properties, the “Dubai Islands” region led in size with a total of 575.4 million dirhams, followed closely by “Ras Al Khor Industrial First” and “Sheikh Mohammed bin Rashid Gardens”. When it comes to apartments, “Palm Jumeirah”, “Burj Khalifa”, and “Al Jaddaf” were the top residential deals. Meanwhile, land sales reached 2.87 billion dirhams, with the highest transactions taking place in “Mohammed Bin Rashid City – District 1” and “Palm Jumeirah”.
In addition to sales and land transactions, mortgages totaled 4.4 billion dirhams, with the highest recorded in both “Palm Jumeirah” and “Business Bay”. Donations reached a total of 914.4 million dirhams, with the highest amount coming from “Al Quoz Industrial First”, followed by “Palm Jumeirah” and “Jumeirah Bay”.
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