Dubai’s real estate market recorded notable activity on the first day of the holy month of Ramadan, with total transactions reaching AED 3.8 billion across 1,097 deals, according to data from the Dubai Land Department.
Sales transactions on Wednesday totaled AED 3.2 billion, generated from 869 deals. The leading areas included Palm Jumeirah with AED 340.2 million, Al Yelayiss 5 at AED 219 million, and Muhaisnah First with AED 212.2 million.
Mortgage transactions reached AED 385 million through 201 deals. The most prominent locations included Al Nahda Second with AED 60.6 million, Dubai Hills at AED 34 million, and Al Furjan with AED 19 million.
Meanwhile, property gift transactions totaled AED 219.4 million across 27 deals. The most notable were recorded in Palm Jumeirah at AED 110.4 million, Al Nahda Second at AED 60 million, and La Mer valued at AED 23.6 million.
