Dubai real estate deals exceed $2.5bn in a week
DLD records sales of 2,011 apartments, villas and townhouses and 199 land plots
Dubai saw a total of 2,882 real estate transactions worth over AED 9.2bn ($2.5bn) during the week ending 16th December 2022, according to figures released by the Dubai Land Department (DLD).
The DLD report revealed that 199 plots were sold for AED1.33bn, while 2,011 apartments and villas were purchased for AED4.61bn.
The top three transactions were a land plot in Palm Deira sold for AED47.38m, followed by a land plot sold for AED40m in Me’Aisem First, and another sold for AED47.38m in Palm Deira.
Al Hebiah Fifth recorded the most transactions for this week, with 92 sales transactions worth AED244.61m, followed by Jabal Ali First with 21 transactions worth AED147.11m, and Al Hebiah Fourth with 15 transactions worth AED290m.
Meanwhile, the top three transfers for apartments and villas were an AED80m apartment, an AED61m apartment, and an AED59m apartment, all located in Palm Jumeirah.
The value of mortgaged properties for the week landed at AED2bn, with the highest being a land plot in Al Qusais Industrial First, mortgaged for AED693m. Meanwhile,157 properties were granted between first-degree relatives worth AED1bn.
