A total of 3,677 real estate transactions worth over Dhs11.5 billion were conducted during the week ending on February 2, 2024, according to data released by the Dubai Land Department (DLD).
Dubai real estate weekly report
The DLD report showed that 192 plots were sold for Dhs2.61 billion, while 2,699 apartments and villas were purchased for Dhs5.75 billion.
The top three transactions were a land in Madinat Dubai Almelaheyah sold for Dhs614.96 million, a land sold for Dhs146 million in Al Merkadh, and another in Madinat Dubai Almelaheyah sold for Dhs141.34 million.
Madinat Hind 4 recorded the most sales transactions for this week with 51 transactions worth Dhs118.15 million, followed by Al Hebiah Fifth with 27 transactions worth Dhs78.4 million, and Jabal Ali First with 14 transactions worth Dhs70.74 million.
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The top three apartment and villa transfers included one in Al Mamzer for Dhs182 million, another in Al Wasl worth Dhs67.5 million, and an apartment in Um Suqaim Third worth Dhs55 million.
The total value of mortgaged properties for the week reached Dhs2.24 billion. Meanwhile, 154 properties were granted between first-degree relatives worth Dhs852.15 million.
tanvir@dubainewsweek.com
