46.1 billion dirhams Dubai real estate sales since the beginning of Ramadan

Real estate sales in Dubai have achieved an amount of 46.10 billion dirhams from the beginning of Ramadan until yesterday, recording standard indicators in the demand for sales, through transactions with a total number of 14710 transactions.

Two experts in the real estate sector told «Emirates Today» that real estate sales in Dubai were able to break the traditional style of calm demand for sales during the month of Ramadan, while continuing to record new record rates since the beginning of the Holy Month, which indicates the strength of the attractiveness of the real estate sector in Dubai for investors.

A monitoring conducted by «Emirates Today» based on the indicators of the Data Department data in Dubai, revealed that from the beginning of the month of Ramadan until yesterday, and during the period of time accompanying the beginning of the month of March until the 28th of the same month, transactions were recorded to sell housing units, totaling 11689 units, while the total number of buildings that was sold 1326 buildings, in addition to registering the sale of 1695 lands during the same period.

The data indicated that the total value of the mortgage from the beginning of Ramadan until yesterday amounted to 15.05 billion dirhams, while the total number of mortgage transactions amounted to 3168 transactions, which included 2002 housing units, 450 buildings, and 884 lands.

The data registered in the Department of Land and Property in Dubai indicated that the total value of real estate gift transactions during the same time period amounted to 2.48 billion dirhams, recording the number of transactions amounted to 633 transactions, and included 463 housing units, 72 buildings, and 98 lands.

The data showed that a number of different real estate regions and complexes in Dubai witnessed a demand in the real estate sales sector since the beginning of March and Ramadan until yesterday, the most prominent of which is the Emaar Complex for the south, and the areas of Jumeirah Lakes Towers. The Emaar Complex for the south, in terms of the number of transactions to sell apartments and the total mortgage transactions, is issued, while the Jumeirah Lakes Towers topped the plants in offices and residential apartments, followed by the areas of Arjan and Al -Barsha Heights.

The CEO of “Harbor Real Estate”, Dr. Muhannad Al -Wadia, said that “the current month of Ramadan has witnessed record growth rates in demand from its inception on real estate sales in Dubai, with the support of the sector’s attractiveness to foreign investors, the diversity of new projects presented in the markets, and the high competitiveness of companies in offering many of the offers and promotional privileges that have strengthened from the great growth in the real estate sector during the holy month,” noting that “Dubai real estate managed to overcome and break the stereotype and traditional image in the region, about the calm demand for the purchase of real estate during the month of Ramadan.”

For his part, the real estate expert and director of the “Emperor Real Estate” company, Dr. Shahryar Al -Attar, said that “the real estate sector in the Dubai market has been able, since the beginning of the current month of Ramadan, to record remarkable record sales, after achieving superior rates in the value of the total sales recorded since the beginning of the holy month”, indicating that “the real estate sector in Dubai has strengthened the proving the strength of its attractiveness to new investors, whether from within the country or within the country or Outside, during the month of Ramadan, which was usual witnessing a calm in demand for real estate sales compared to normal days during previous years, whether in the country or at the level of the region in general.