In Dubai, the real estate market saw a significant surge in activity last week, with 15.1 billion dirhams in transactions through 4,598 procedures. Of these transactions, sales accounted for about 9.8 billion dirhams and 3,700 deals. The Dubai Islands region was the leader in value with 575.4 million dirhams, while Ras Al Khor Industrial First and Sheikh Mohammed bin Rashid Gardens followed closely behind.
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According to data from the Dubai Land Department, there were 3,370 residential sales worth 6.9 billion dirhams in total last week. The highest residential deals were on Palm Jumeirah, Burj Khalifa, and Al Jaddaf. Meanwhile, land sales reached 2.87 billion dirhams through 329 deals, with the highest value found on Mohammed Bin Rashid City – District 1 as well as Palm Jumeirah and Palm Jebel Ali.
In addition to sales and land purchases, mortgages also played a significant role in last week’s real estate activity in Dubai. A total of 4.4 billion dirhams was spent on mortgages through 716 procedures last week
