The real estate sector in Dubai continued its strong momentum, recording total transactions worth AED 3 billion through 874 deals, reflecting the growing activity in the emirate’s property market.
The Dubai Land Department announced the registration of a notable land sale transaction for a residential plot in Downtown Jebel Ali valued at AED 240.3 million, indicating sustained demand for real estate assets, particularly in strategically located areas with high development potential.
The department also recorded 710 sales transactions with a total value of AED 2.4 billion, including 87 land sales, 562 residential unit sales, and 61 building sales.
On the mortgage side, the total value of mortgaged properties reached AED 437 million across 146 transactions. These included 41 land mortgages, 90 residential unit mortgages, and 19 building mortgages. Additionally, 14 property gifts were registered, totaling AED 89 million.
The market also witnessed major transactions, including a mortgage on a residential apartment in Dubai Marina valued at AED 87 million, and the sale of an off-plan office unit in Business Bay for AED 47 million, as well as a mortgage on an apartment in Al Barari worth AED 22 million.
