Dubai records over Dhs1.6b in realty transactions

DUBAI: Dubai real estate market recorded 439 sales transactions worth Dhs1.25 billion, in addition to 66 mortgage deals of Dhs240.64 million, and 72 git deals amounting to Dhs175.81 million on Tuesday, data released by Dubai’s Land Department (DLD) showed.

The sales included 357 villas and apartments worth Dhs758.25 million, and 82 land plots worth Dhs494.64 million, while mortgages included 55 villas and apartments worth Dhs231.44 million and 11 land plots valued at Dhs9.19 million, bringing the total realty transactions of today to over Dhs1.6 billion.

Meanwhile a total of 2,594 real estate transactions worth Dhs9.4 billion were conducted during the week ending Sept.9, 2022, according to figures released by the Dubai Land Department.

A total of 209 plots were sold for Dhs946.55 million, 1,871 apartments and villas were purchased for Dhs3.92 billion.

The top three transactions were a land in Island 2 sold for Dhs46.5 million, followed by a land that was sold for Dhs26 million in Al Barshaa South Third, and a land sold for Dhs26 million in Mohammad Bin Rashid Gardens.

Al Hebiah Fith recorded the most transactions for this week recording 78 sales transactions worth Dhs195.97 million, followed by Nad Al Shiba First with 25 sales transactions worth Dhs146.24 million, and Jabal Ali First with 24 sales transactions worth Dhs89 million.

The sum of the amount of mortgaged properties for the week reached Dhs3.42 billion, while 100 properties were granted between first-degree relatives worth Dhs1.17 billion.