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Dubai real estate transactions achieved more than 1.5 billion dirhams during the first 3 hours of Thursday’s dealings, resulting from 500 transactions, according to data from the “Dubai Rest” application, affiliated to the “Department of Lands and Properties” in the emirate.
Sales accounted for the largest share in terms of value, amounting to 1.2 billion dirhams resulting from 407 actions, while mortgages recorded 246 million dirhams through 52 mortgages, and gifts amounted to about 24 million dirhams through 7 actions.
In terms of sales, Al Hebiya Fifth District came first with a value of 117 million dirhams, then Al Quoz Second with a value of 98 million dirhams, followed by Al Nahda First with a value of 97 million dirhams.
In terms of projects, “Unlawful” recorded the highest value with sales of 202 million dirhams, then “Mohammed Bin Rashid City” with a value that touched 193 million dirhams, and “Damac Lagoons” with a value of 109 million dirhams. The “Jumeirah Marsa Al Arab” project achieved the sale of a unit at a value of 41 million dirhams.
