Over 2500 apartments and villas sold for Dhs5.68 billion in Dubai

by Staff Reporter
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A total of 3,543 real estate transactions worth over Dhs9.8 billion were conducted during the week ending on February 9, 2024, according to data released by the Dubai Land Department (DLD).

The DLD report showed that 197 plots were sold for Dhs1.61 billion, while 2,572 apartments and villas were purchased for Dhs5.68 billion.

The top three transactions were a land in Warsan Fourth sold for Dhs120.32 million, a land sold for Dhs78.86 million in Al Barshaa South Third, and another in Wadi Al Safa 3 sold for Dhs54 million.

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Madinat Hind 4 recorded the most sales transactions for this week with 77 transactions worth Dhs199.72 million, followed by Al Hebiah Fifth with 30 transactions worth Dhs136.08 million, and Jabal Ali First with 11 transactions worth Dhs51.65 million.

The top three apartment and villa transfers included one in Island 2 for Dhs140.45 million, another in Jumeirah First worth Dhs119 million, and an apartment in Al Safouh Second worth Dhs80 million.

The total value of mortgaged properties for the week reached Dhs1.8 billion. Meanwhile, 135 properties were granted between first-degree relatives worth Dhs725 million.

tanvir@dubainewsweek.com

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