Economy Local October 27, 2024

Dubai Real Estate Transactions Reach 16.4 Billion AED

In Dubai, real estate transactions reached a total of 16.4 billion AED through 5210 actions in one week, with significant sales in Al Qusais and Palm Jumeirah.


Dubai Real Estate Transactions Reach 16.4 Billion AED

During the week in the real estate sector of Dubai, transactions were made amounting to a total of 16.4 billion dirhams, with 5,210 deals completed. The highest figure was recorded in "Jumeirah Palm" - 260 million dirhams for 10 deals.

The total amount of mortgage transactions amounted to about 3.5 billion dirhams based on 905 deals. The largest deal was completed in "First Industrial Quarry" for a total of 693 million dirhams.

According to the "Dubai Rest" application, belonging to the Department of Lands and Real Estate, sales reached 12 billion dirhams through 4,090 deals. The "Ghadeer Al Tayer" area leads in total sales volume with two billion dirhams for 123 land sale deals.