The total transactions in the Dubai real estate market from the beginning of the year until the end of Monday’s transactions recorded 155 billion dirhams, resulting from 43.980 procedures, according to data from the Land Department in the emirate.

The data showed that sales exceeded the barrier of 100 billion dirhams, recording 101.5 billion dirhams, resulting from 34.130 transactions, exceeding the year 2023 by 15 days, as it achieved this value within 100 days.

Business Bay area topped the list in terms of sales volume with a value of 5.76 billion dirhams through 2,643 deals, followed by 'Jumeirah Village Circle' in second place with about 4.47 billion dirhams resulting from 3,743 deals, and 'Palm Jumeirah' in third place with 4.38 billion dirhams through 363 deals.

Unit sales

Sales of residential units (apartments and villas) touched the barrier of 62.3 billion dirhams, resulting from 30.482 transactions. The “Island 2” area topped first place with the sale of an apartment worth 140.5 million dirhams, followed second by “Dubai Water Canal” with about 140 million dirhams, and third by “Island 2”. » About selling a residential apartment for 137 million dirhams.

Land sales

On the land level, the value of sales approached 39.2 billion dirhams through 3.655 deals, the highest of which was recorded in “Dubai Investment Park II” with a value of 3.58 billion dirhams, then another in “Dubai Investment Park II” with 691 million dirhams, and a third in “Dubai Maritime City”  at about 615 million dirhams.

Mortgages

With regard to mortgages since the beginning of the year 2024, it recorded 45 billion dirhams resulting from 8.160 procedures, the highest of which came in the “Horizon” region with a value of 9.2 billion dirhams resulting from 6 procedures, then “Hassyan II” again with 3.2 billion dirhams through one procedure, followed by The third is “Nad Al Sheba First”, with about 3.07 billion dirhams through 7 mortgages.

Giveaways

Finally, donations reached 541 million dirhams, achieved through 154 measures, the highest of which was “Dubai Marina”, with 620.3 million dirhams, resulting from 110 measures, then “Palm Jumeirah” with 620 million dirhams, achieved through 75 measures, and “Dubai Hills” came third. With 587 million dirhams through 37 procedures.

Daily actions

In terms of daily transactions, on Monday, the total value of transactions amounted to 2.9 billion dirhams, resulting from 1.124 procedures, with sales recorded at 1.75 billion dirhams through 750 transactions, mortgages at 1.1 billion dirhams, resulting from 331 procedures, and donations reached 81 million dirhams through 43 transactions.

Resource: alkhaleej.ae