Dubai records Dhs11.1 billion real estate transactions

DUB AI: A total of 3,321 real estate transactions worth Dhs11.1 billion were conducted in Dubai during the week ending 26th May 2023, according to figures released by the Dubai Land Department (DLD).

The DLD report showed that 220 plots were sold for Dhs2.54 billion, 2,398 apartments and villas were sold for Dhs5.85 billion.

The top three transactions were a land in Madinat Al Mataar sold for Dhs659.54 million, followed by a land that was sold for Dhs169.39 million in Madinat Dubai Almelaheyah, and a land sold for Dhs 83 million in Al Barsha South Fourth in third place.

Wadi Al Safa 3 recorded the most transactions for this week by 61 sales transactions worth Dhs728.44 million, followed by Al Hebiah Fith with 41 sales transactions worth Dhs106.84 million, and Jabal Ali First with 18 sales transactions worth Dhs70 million in third place.

The top three transfers for apartments and villas were a was sold for Dhs75 million in Al Safouh First, a villa was second in the list sold for Dhs69 million in World Islands, and thirdly it was a villa sold for Dhs61 million in World Islands.

The sum of the amount of mortgaged properties for the week was Dhs1.8 billion, with the highest being a land in Al Thanayah Fourth, mortgaged for Dhs143 million.

154 properties were granted between firstdegree relatives worth Dhs933 million.

A total of 3,105 real estate transactions worth Dhs9.1 billion were conducted in Dubai during the week ending 19th May 2023, according to figures released by the Dubai Land Department.