Dubai Real Estate Market Surges with Over 15 Billion Dirhams Transactions in One Week
In Dubai, the real estate market experienced a surge of activity in a week, with transactions worth 15.1 billion dirhams and 4,598 procedures, according to data from the Land Department. Sales accounted for about 9.8 billion dirhams, with 3,700 deals. The Dubai Islands region led in terms of value with 575.4 million dirhams, followed by Ras Al Khor Industrial First and Sheikh Mohammed bin Rashid Gardens.
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In Dubai’s real estate market, land sales reached 2.87 billion dirhams through 329 deals, with highest residential deals on Palm Jumeirah, Burj Khalifa, and Al Jaddaf. Meanwhile, mortgages amounted to 4.4 billion dirhams through 716 procedures.
Donations reached a total of 914.4 million dirhams in Dubai’s real estate market, with the highest amounts coming from Al Quoz Industrial First, Palm Jumeirah, and Jumeirah Bay.
Overall, choosing the right furniture supplier is an important part of any home renovation project in Dubai’s real estate market. With their expertise and guidance, you can turn your vision into reality and create a space that suits your needs perfectly.
In conclusion, the total transactions in Dubai’s real estate market reached an impressive amount of 15.1 billion dirhams in just one week through over 4 thousand procedures. With sales accounting for about 90% of these transactions worth nearly ten billion dirhams alone!
