Real estate transactions in Dubai recorded more than 20.81 billion dirhams in transactions in the third week of this December, which included sales worth 8.15 billion dirhams after implementing 2.84 thousand transactions.
Monitoring conducted by Emirates Today, based on data from the Dubai Land Department, showed that the highest areas in terms of real estate sales at the end of the week’s transactions were the Business Bay area, with a value of 472.85 million dirhams, resulting from the implementation of 222 transactions, then the Burj Khalifa area, with about 216.14 million dirhams, resulting from Implementation of 46 deals, then the Jumeirah Village Circle area, worth approximately 145.48 million dirhams, resulting from the implementation 121 deals.
The value of mortgages during that period also reached 10.96 billion dirhams through 556 procedures. The value of real estate donations during that period amounted to 1.7 billion dirhams through 643 procedures.
Thus, the real estate sector in Dubai continues to record unprecedented booms, amid increasing demand for various types of residential and commercial properties, which confirms the continued growth of the emirate of Dubai’s attractiveness as a global investment destination, and the importance of the sector as a strong economic pillar that supports development and sustainable growth.
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