The Dubai real estate sector posted property deals worth $735 million (AED2.7 billion) on Monday, reflecting the continued boom in the city’s property sector.
Monday’s deals included 430 sales transactions worth AED2.24 billion, including 106 land sale deals for AED1.31 billion and 324 sales of apartments and villas worth AED930.64 million, according to Dubai Land Department data.
The high-value land sale deals included an AED201.82 million deal in the Sheikh Mohammed bin Rashid Gardens area, followed by a sale worth AED142 million in the Wadi Al Safa 3 area, and the AED59.79 million deal in the Palm Jebel Ali area.
The Me’aisem II region topped the regions in terms of the number of sales, recording 31 sales worth AED329.17 million, followed by the Palm Jebel Ali area, recording 16 sales worth AED426.14 million, and Wadi Al Safa 2, recording 15 sales worth AED21.17 million.
The top apartments and villas sales deals included the sale of AED143.5 million in the Island 2 area, followed by a sale deal for AED31.5 million in the Palm Jumeirah area, and a sale worth AED23.5 million in the Me’aisem 1 area.
The Business Bay area topped the regions in terms of the number of apartment and villa sales, recording 35 sales worth AED65.88 million, followed by the Al Barsha South Fourth area, recording 34 sales worth AED26.8 million, and the Dubai Marina, recording 31 sales worth AED122.59 million.
The mortgages recorded a value of AED421.15 million, including 15 land mortgages worth AED23.47 million and 134 mortgages of villas and apartments worth AED397.68 million.
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