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Dubai United Arab Emirates
Last week, real estate transactions in Dubai revealed the registration of about 15.98 billion dirhams, through the implementation of 4236 deals, including sales worth 7.51 billion dirhams, and sales were distributed by 2171 sales of residential units, 199 sales of buildings, and 339 sales of land, with a total of 2709 sales, according to data from the Dubai Rest application, affiliated to the Dubai Land Department.
Sales of ready-made properties amounted to about 4.5 billion dirhams, through the implementation of 1159 transactions, distributed by 740 transactions for residential units, 80 transactions for buildings, and 339 land transactions. In contrast, real estate sales on the map amounted to about 3.01 billion dirhams, through 1550 transactions, including 1431 transactions for residential units, and 119 transactions for buildings.
Mortgages also recorded 1166 transactions worth AED 5.73 billion, distributed by 770 transactions for housing units, 129 transactions for buildings, and 267 land transactions, and the value of donations amounted to about 2.74 billion dirhams, through 361 transactions, distributed to 264 transactions for housing units, 19 transactions for buildings, and 78 land transactions.
Palm Deira topped the list of the best-selling regions last week with a value of more than AED 897.28 million
It is noteworthy that the Palm region topped the list of the best-selling areas during the past week, with a value of more than 897.28 million dirhams, followed by the Business Bay area with 429.09 million dirhams, then "Nad Al-Sheba First" worth 347.45 million dirhams, Airport City ranked fourth with a value of 319.31 million dirhams, and Jumeirah Village Circle 5th with 244.38 million dirhams.
Burj Khalifa ranked sixth, with a value of more than 241.04 million dirhams, followed by Dubai Maritime City with 229.47 million dirhams, Elias 1 with a value of 198.51 million dirhams, and the fifth endowment with a value of 171.3 million dirhams, while Jumeirah Lakes Towers ranked 10th with a value of 156.35 million dirhams.
On the level of daily performance, the real estate transactions in Dubai recorded, yesterday, about 1.65 billion dirhams, through the implementation of 544 deals, including sales of 1.21 billion dirhams, while the value of mortgages amounted to 364.22 million dirhams, and the donations recorded 79.6 million dirhams. Sales accounted for 73.14% of the total value of recorded transactions, compared to 22.04% for mortgages and 4.82% for grants.
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