396 plots sold for Dhs3.99 billion in a week in Dubai

by Staff Reporter
UAE visa extension

The total value of real estate transactions conducted in Dubai during the week ending on November 10, 2023, exceeded Dhs10.3 billion, according to figures released by the Dubai Land Department (DLD).

Dubai real estate weekly report

The DLD report showed that 1,782 sales transactions worth Dhs7.4 billion were conducted, with 396 plots sold for Dhs3.99 billion, and 1,386 apartments and villas purchased for Dhs3.41 billion.

The top three transactions were a land in Me’aisem Second sold for Dhs123.66 million, a land sold for Dhs97 million in Al Safouh Second, and another in Wadi Al Safa 2 sold for Dhs 88.25 million.

Wadi Al Safa 2 recorded the most sales transactions for this week with 79 transactions worth Dhs535.96 million, followed by Palm Jabal Ali with 73 transactions worth Dhs1.62 billion, and Me’aisem Second with 61 transactions worth Dhs740.77 million.

Top three apartment and villa transfers

The top three apartment and villa transfers included one in Dubai Marina for Dhs360 million, another in Palm Jumeirah worth Dhs53 million, and an apartment in Me’aisem First worth Dhs42.8 million.

The total value of mortgaged properties for the week reached Dhs1.86 billion. Meanwhile, 142 properties were granted between first-degree relatives worth Dhs1 billion.

tanvir@dubainewsweek.com

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