The real estate market in Dubai recorded 17578 sales and financing deals, at a value of 49.8 billion dirhams since the beginning of 2020.
According to Al-Bayan newspaper, official data showed that the share of sales deals out of the total amounted to 43% by 21.5 billion dirhams, while the share of mortgage deals reached 57% by 28.3 billion dirhams.
The real estate market in Dubai showed its ability to continue its activity and its high flexibility in absorbing the repercussions of the spread of the Corona virus, as investors continued to conclude sales and purchase deals through smart applications and official electronic platforms against the background of their commitment to government directive precautionary commitment to homes, while the Dubai Land and Property Department implemented the remote work system , To ensure 100% completion of customer transactions.
The market for the sale of prefabricated residential and commercial apartments was under 8,302 units, whose value exceeded more than 10.7 billion, and Dubai Marina topped the highest selling areas for apartments, with sales of 2.1 billion, while the market for the sale of residential villas recorded 1221 sales deals worth 2.2 billion, and Wadi Al Safa topped 5 List of top selling villas with sales of 584 million dirhams.
The land sale market registered 1095 plots of mixed use value of 8.6 billion, and was the first for the first commercial center area by registering a sale of 700 million.
The mortgage market witnessed the superiority of registering deals for 1949 plots of land, at a value of 21.5 billion, and the lead in the Jebel Ali region by registering it subject to a residential plot of 1.6 billion, while mortgages of residential and commercial units recorded 4.8 billion, and mortgages 4390 units and the forefront of the Palm Jumeirah was 1.1 billion, while mortgages were recorded 620 residential villas, with nearly two billion, and the second Alaylis region topped the list with 2.2 billion dirhams.
