Real estate transactions in Dubai exceed 18.55 billion dirhams in a week

The value of real estate sales in Dubai reached 11.46 billion dirhams during the third week of this December, with the continued momentum in the market, amid continued unprecedented demand for ownership and investment in the sector..

Monitoring conducted by Emirates Today, based on data from the Dubai Land Department, showed that the last five days witnessed real estate transactions worth a total of 18.55 billion dirhams..

The monitoring 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 621.705 million dirhams, resulting from the implementation of 214 deals, then the “Burj Khalifa” area, with about 256.29 million dirhams, resulting from the implementation of 62 deals, then the “Marsa” area. Dubai” amounted to about 205.16 million dirhams resulting from the implementation of 25 deals.

The data indicated that the total value of the mortgage during the week amounted to about 6.26 billion dirhams, with 752 transactions conducted..

According to the data, the total value of real estate donations during the week reached 830.08 million dirhams through the implementation of 150 transactions..

Yesterday, Thursday, the real estate sector in the Emirate of Dubai witnessed the sale of a palace on “Dream Street” in the Hills Grove complex within Dubai Hills Estate, at a value of 200 million dirhams. It was built on an area of ​​​​more than 37,700 square feet, and consists of four floors that include a roof terrace, a basement, and a spacious garden with a swimming pool. Unique in design, it also provides distinct panoramic views of the golf course and the magnificent skyline of Downtown Dubai and Burj Khalifa..

In a related context, the real estate market in Dubai reached its peak last October, recording more than 20,000 transactions with a total value of 60.5 billion UAE dirhams (16.47 billion US dollars)..

Dubai is attracting wealthy people from around the world, especially from the United Kingdom, East Asia and the United States, which helped increase the delivery of new homes by 50% in the third quarter of 2024..