Dubai Real Estate Market Reports $2.68 Billion in Transactions, $370 Million in Mortgages and $90 Million in Donations

On Thursday, the Dubai real estate market recorded approximately 2.68 billion dirhams in transactions, with a total of 1,170 procedures reported by Dubai Real Estate data. Sales accounted for 2.15 billion dirhams, with 645 transactions comprising 467 residential units, 38 buildings/villas, and 140 land plots. The highest value transactions were in Palm Jumeirah, totaling 390 million dirhams through nine deals, followed by Wadi Al Safa 3 with about 299 million dirhams (50 deals) and Wadi Al Safa 5 with about 267 million dirhams (48 deals).

Mortgages amounted to approximately 370 million dirhams through around 178 procedures, including around 160 residential units, around 22 buildings/villas, and around 25 land plots. Dubai Hills led with a value of around $38 million through six procedures, followed by Palm Jumeirah with $36 million from five procedures and Dubai Industrial City with around $35 million from over a hundred procedures.

Donations reached approximately $90 million through around twenty-nine transactions involving fifteen residential units, eleven buildings/villas and three land plots. Business Bay had the highest value donations of approximately $30 million through three transactions followed by Airport City one with $27.5m (eleven transactions) and Palm Jumeirah had approximately $7m from two transactions