Khaberni - Real estate transactions in Dubai, during last week's dealings, recorded approximately 18.77 billion dirhams, after 5266 transactions, including sales worth 14.94 billion dirhams.
Weekly property sales were distributed as follows: 3450 transactions for residential units, 449 transactions for buildings, and 329 transactions for land, totaling 4278 transactions, according to data from the “Dubai REST” application, affiliated with the Dubai Land Department.
Dubai’s sales of completed properties reached about 7.58 billion dirhams through 1507 transactions, while off-the-plan property sales reached about 7.35 billion dirhams through 2771 transactions.
Real estate mortgages recorded 822 transactions, valued at 2.89 billion dirhams, distributed as 491 transactions for residential units, 118 for buildings, and 213 for lands, while the value of donations reached about 943.8 million dirhams, through 166 transactions, distributed among 132 transactions for residential units, nine transactions for buildings, and 25 transactions for lands.
The “Al Yalayis 1” area took the lead, in terms of property sales value, with 984.03 million dirhams, followed by “Maeisem Second” with about 775.23 million dirhams, and “Palm Jebel Ali” recording 755.24 million dirhams, and “Business Bay” recording 668.34 million dirhams, then “Airport City” recording 501.32 million dirhams.
“Nad Al Shiba First” area ranked sixth, recording about 500.06 million dirhams, followed by “Palm Jumeirah” recording 387.41 million dirhams, and “Palm Deira” recording 387.41 million dirhams, and “Jumeirah Village Circle” recording 376.77 million dirhams.
On a daily performance level, real estate transactions in Dubai yesterday recorded approximately 2.84 billion dirhams, after 702 transactions, including sales valued at 1.83 billion dirhams.
During last week's dealings, the real estate market in Dubai witnessed the recording of record transactions, represented in the sale of a luxury residential apartment off-the-plan in the Jumeirah Second area, and the mortgaging of a hotel in the World Islands area.
According to data from the Dubai Land Department, the residential apartment covers an area of about 21812 square feet, with a price of 9627 dirhams per square foot, and a total value of 210 million dirhams.
The market recorded another record transaction, represented in the mortgaging of a hotel in the World Islands area (Zaya Zoo Island) on an area of 392,161 square feet, with a value of 1407 dirhams per square foot, totaling 552 million dirhams.
