Real estate sales in Dubai touched 14 billion dirhams, during the first 10 days of March, recording 13.98 billion dirhams, after the implementation of 4544 transactions.
A monitoring conducted by «Emirates Today», based on the data of the Dubai Lands and Property Department, revealed that, from the beginning of this month until the end of yesterday’s transactions, 3658 sale transactions for residential units were registered, while the total number of buildings that was sold 461 buildings, in addition to registering the sale of 425 plots of land.
The data showed that the total value of the mortgage during the monitoring period amounted to 4.93 billion dirhams, resulting in 921 transactions, while the value of real estate donations amounted to 558.23 million dirhams, which included 131 housing units, 51 buildings, and 23 plots of land.
According to the data, a number of different real estate regions and complexes in Dubai recorded a remarkable activity during the first 10 days of March and Ramadan, most notably the “Emaar for the South” complex, “Jumeirah Lakes Towers” and “Arjan”, where “Emaar to the south” is issued in terms of the number of transactions selling apartments and total mortgage transactions, while the “Jumeirah Lakes Towers” was issued In the residential offices and apartments, followed by “Arjan” and “Al -Barsha Heights”.
In addition, two experts in the real estate sector told «Emirates Today» that real estate sales in Dubai have recorded new record rates since the beginning of the current month of Ramadan, compared to the seasons of previous years of Ramadan, which usually witnesses slow demand.
“The real estate market in Dubai has recorded a remarkable activity since the beginning of the month of Ramadan, achieving new standard sales, compared to the same period from previous years, especially since the month of Ramadan was usual witnessing a calm in demand compared to the normal days, but Ramadan from this year recorded an exception through the momentum of sales of real estate units in various categories.”
He added, “It is expected, according to the current market indicators, that real estate sales in Dubai will continue during the month of Ramadan to record more demand, while increasing the flow of investors from different countries of the world.”
For his part, the real estate expert, Executive Director of the “Sum Real Estate” company, Sufyan Al -Salamat, said that “the real estate sector in Dubai records exceptional and valid activity rates in relation to sales levels since the beginning of the month of Ramadan”, explaining that this is due to the continued attracting investors for new real estate projects presented in the market during the recent period.
He pointed out that “the growth of real estate sales in Dubai during the month of Ramadan changed the traditional style that prevailed in previous years about the calm demand for sales during Ramadan.”
2.29 billion dirhams actions on a day
The real estate actions in Dubai amounted to about 2.29 billion dirhams, including sales of 1.98 billion dirhams, while the hostages recorded a value of 221.78 million dirhams, while the gifts amounted to 85.73 million dirhams.
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