Real estate transactions in Dubai surpass 15 billion dirhams weekly

Dubai’s real estate market witnessed a total of 15.1 billion dirhams in transactions within a week, with 4,598 procedures reported by the “Dubai Rest” application of the Land Department. The sales accounted for about 9.8 billion dirhams, with “Dubai Islands” leading in size at 575.4 million dirhams, followed by “Ras Al Khor Industrial First” and “Sheikh Mohammed bin Rashid Gardens”.

The residential market recorded 3,370 sales worth 6.9 billion dirhams, with apartments accounting for the largest share. The highest residential deals were in “Palm Jumeirah”, “Burj Khalifa”, and “Al Jaddaf”. Land sales reached 2.87 billion dirhams, with the highest deals in “Mohammed Bin Rashid City – District 1” and “Palm Jumeirah”. Mortgages totaled 4.4 billion dirhams, with the highest recorded in “Palm Jumeirah” and “Business Bay”. Donations reached 914.4 million dirhams, with the highest in “Al Quoz Industrial First”, “Palm Jumeirah”, and “Jumeirah Bay”.

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By Aiden Johnson

As a content writer at newspoip.com, I have a passion for crafting engaging and informative articles that captivate readers. With a keen eye for detail and a knack for storytelling, I strive to deliver content that not only informs but also entertains. My goal is to create compelling narratives that resonate with our audience and keep them coming back for more. Whether I'm delving into the latest news topics or exploring in-depth features, I am dedicated to producing high-quality content that informs, inspires, and sparks curiosity.

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