Dubai real estate sales reach Dhs4 billion in a single day

Dubai real estate transactions at the start of the week totalled Dhs6.11 billion, resulting from 1,360 deals, according to Dubai REST app operated by the Dubai Land Department.

Monday’s sales reached nearly Dhs4 billion, a record high for several weeks, resulting from 877 transactions, the most notable of which were: Saih Shuaib 1 (Dhs711 million), Palm Jebel Ali (Dhs649 million), Business Bay (Dhs580 million) and Dubai Islands (Dhs173 million).

Mortgages totalled Dhs820.5 million, resulting from 427 transactions, the largest of which were in: Dubai Silicon Oasis (Dhs201.2 million), Business Bay (Dhs165 million) and Ras Al Khor Industrial Area 2 (Dhs51.6 million).

Land gift deals amounted to Dhs1.35 billion across 56 transactions, the most notable being: Dubai Islands (Dhs734.5 million), The World Islands (Dhs209.2 million), and Palm Jumeirah (Dhs158.5 million).