Dubai records over Dhs1.2b realty deals in a single day

DUBAI: Dubai real estate market recorded 446 sales transactions worth Dhs1.07 billion, in addition to 85 mortgage deals of Dhs168.99 million, and 29 git deals amounting to Dhs34.46 million on Monday, data released by Dubai’s Land Department (DLD) showed.

The sales included 376 villas and apartments worth Dhs803.87 million, and 70 land plots worth Dhs261.85 million, while mortgages included 67 villas and apartments worth Dhs142.29 million and 18 land plots valued at Dhs26.71 million, bringing the total realty transactions of today to over Dhs1.2 billion.

Therealestateandpropertiestransactionsvalued at Dhs10.9 billion in total during the week ending 22 July 2022. The sum of transactions was 2,509.

263 plots were sold for Dhs1.46 billion, 1,716 apartments and villas were sold for Dhs3.67 billion.

The DLD weekly report said the top three transactions were a land in Burj Khalifa sold for Dhs167.09 million, followed by a land that was sold for Dhs70.6 million in Al Barsha First, and a land sold for Dhs167.09 million in Burj Khalifa in third place.

Al Hebiah Fith recorded the most transactions for this week by 130 sales transactions worth Dhs328.15 million, followed by Jabal Ali First with 32 sales transactions worth Dhs92.67 million, and Al Yufrah 2 with 24 sales transactions worth Dhs28 million in third place.

The top three transfers for apartments and villas were an apartment was sold for Dhs632 million in Palm Jumeirah, an apartment was second in the list sold for Dhs352 million in Burj Khalifa, and thirdly it was an apartment sold for Dhs314 million in Marsa Dubai.