The real estate market in Dubai recorded sales worth $3.33 billion (AED 12.24 billion) during the current week through 3,592 transactions, according to data from the Dubai Land Department.
The most prominent sales were recorded in Al Yelayiss 1 with $205.9 million, followed by Muhaisnah Second with $174.4 million, Palm Jumeirah with $141.7 million, and Umm Suqeim First with $152.7 million.
The value of property gifts reached $241.4 million across 106 transactions, with the most notable deals taking place in Dubai Hills, worth $23.5 million, Al Khail Heights, with $14.2 million, and Mohammed bin Rashid Gardens, with $12.5 million.
Mortgages amounted to $956.4 million through 1,121 transactions, led by Al Khabaisi with $74.4 million, followed by Barsha Heights with $70.1 million, and Al Khail Heights with $38.1 million.
The total weekly real estate transactions reached $4.52 billion (AED 16.6 billion) through 4,819 deals. On Friday alone, transactions worth $517.7 million were recorded through 467 deals, including $395.1 million in sales, $119 million in mortgages, and $3.35 million in gifts. During the week, transactions were distributed across 3,020 residential units, 497 buildings, and 574 land plots.
