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The first working day in Dubai showed record housing sales

The first working day in Dubai showed record housing sales

The record figures of 2021 in real estate sales were fixed on the first day of work in Dubai. The total value of transactions on the first working Friday was $698 million. The total value of transactions in the first week of 2022 was $1.97 billion.

These figures are related to the type of purchases: land sales dominated the market. According to the Dubai Land Department (DLD), they were responsible for the transactions on Friday. 12 land plots were sold for $698 million. Then the sales sector expanded, and in addition to land, buyers also invested in apartments and villas for $530 million.

The three leaders in sales of the most expensive luxury apartments and villas included Palm Jumeirah ($136.1 million), Marsa Dubai ($134.7 million), and Al Barsha ($4.3 million). Premium villas were sold in Jebel Ali Fest, where the total value of the deals was $6.81 million.

Buyers use not only cash but mortgages. During the first working Friday, 40 mortgage deals were concluded in Dubai. Their total amount was $21 million.

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