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Dubai
10 regions acquired about half of the total value of sales of the local real estate market in Dubai by 49%, with a value that touched 42.5 billion dirhams, resulting in 13,114 deals, out of the sector’s sales during the first quarter of the year 2023, which recorded 87.3 billion dirhams through 30,904 deals. Dubai Creek Harbor topped the list of the top 10 areas in terms of the value of sales, with more than 7.45 billion dirhams, including residential, commercial and land units, according to data from the Dubai Rest application of the Dubai Land Department.
And “Palm Jumeirah” came in second place with a value of 6.66 billion dirhams, then the “Business Bay” area third with 5.8 billion dirhams, and “Burj Khalifa” fourth with 4.6 billion dirhams, and in fifth place was the share of “Al-Hubiya Al-Fifth” with a value of 4.34 billion dirhams. . And the “Dubai Marina” area ranked sixth in terms of the value of sales with 3.48 billion dirhams, followed by “Jumeirah Village Circle” in seventh place with sales deals that touched 3.15 billion dirhams, then the “Dubai Marina” area came eighth with 2.55 billion dirhams, and in the ninth and tenth places came Each of “Dubai Hills Estate” and “Al Hebiah Fourth” with sales deals of 2.4 and 2.04 billion dirhams, respectively.
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The number of deals
In terms of the number of deals, the first place went to “Jumeirah Village Circle” with 3407 deals, then “Business Bay” second with 2477 deals, and “Dubai Creek Harbor” third with 1771 deals, and “Al Hebiah Fifth” came fourth with 1365 deals, And “Dubai Marina” fifth, with 1,255 deals. The “Burj Khalifa” area came in sixth place with 1111 deals, then “Palm Jumeirah” seventh with 733 deals, “Dubai Hills Estate” eighth with 662 deals, then “Dubai Marina” ninth with 476 deals, and “Al Hebiah Fourth”. Tenth, with 217 deals.
Project deals
And 8 projects achieved sales that exceeded one billion dirhams, with a total value of 10.2 billion dirhams. The “Bluewaters Bay” project topped the deals with a value of 1.87 billion dirhams, then “The Cove 2” secondly with 1.84 billion dirhams, followed by “Bulgari Lighthouse Dubai” third with 1.72 billion dirhams. And in the fourth place came “Venice 1” within “Damac Jones” with a value of 1.39 billion dirhams, then “Peninsula Four” fifth with 1.19 billion dirhams, while the sixth place came the “Alaya” project with a value of 1.15 billion dirhams, and finally in the eighth place was the share of the project “Anya” in “Arabian Ranches 3” at a value of 1.05 billion dirhams.
