Dubai's real estate market has recorded historic weekly transactions, reaching a value of over 25.95 billion dirhams, the highest ever in a single week. This indicates a clear continuation of the momentum in the emirate's property market and the ongoing breaking of records. According to data from the 'Dubai Rest' app, affiliated with the Dubai Land Department, 5,523 transactions were executed last week, including sales worth 18.72 billion dirhams. Weekly property sales were distributed as follows: 3,780 residential units, 388 buildings, and 299 plots of land, totaling 4,467 deals. Mortgage transactions reached 946 deals worth 6.77 billion dirhams, comprising 514 residential units, 161 buildings, and 271 land plots. The value of gifts was approximately 465.17 million dirhams across 110 transactions. 'Al Ifra 1' topped the list in terms of sales value with 3.94 billion dirhams, followed by 'Dubai Creek' at 1.55 billion, 'Al Barsha' at 888.62 million, 'Jumeirah Lake Towers' at 875.64 million, and 'Dubai Investment Park 2' at 838.9 million. 'Jumeirah Circle' ranked sixth with 469.46 million dirhams, followed by 'Dubai Airport City' at 375.29 million, 'Burj Khalifa Area' at 352.81 million, 'Jumeirah Islands' at 326.55 million, and 'Umm Suqeim First' at 315.26 million. Notably, a record-breaking sale of an apartment in the 'Dubai Creek' area for 550 million dirhams was made, making it the most expensive apartment in the market's history. Additionally, a deal for the sale of a commercial land plot in 'Al Ifra 1' for 3.81 billion dirhams and a mortgage on a plot in the same area for 3 billion dirhams were also recorded.
