Dubai Property Transactions Exceed Billions on Monday

Dubai's real estate market saw a strong start to the week, with transactions totaling Dh3.8 billion across 1,194 deals, according to the Dubai Land Department. Sales dominated the activity, reaching Dh2.93 billion from 930 transactions. Notable sales included properties in Al Yalyis 5 (Dh515.6 million), Palm Jebel Ali (Dh387 million), and Dubai Land Residence Complex (Dh187 million).

Mortgage transactions contributed Dh718.3 million through 243 deals. The largest mortgages were recorded in Dubai South (Dh214.4 million), Dubai Studio City (Dh82 million), and Meydan One (Dh81 million). Property gifts also played a role, amounting to Dh164 million from 21 transactions, with significant gifts in Mohammed Bin Rashid City – District One, Business Bay, and Jumeirah Islands.

These figures highlight the continued strength of Dubai's property sector, driven by robust investor interest in various residential and mixed-use developments. This positive trend reflects the ongoing appeal of Dubai's real estate market.