Dubai records Dhs11.6 billion in weekly real estate transactions

The DLD report showed that 226 plots were sold for Dhs5.76 billion

by Staff Reporter
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A total of 2,709 real estate transactions worth Dhs11.6 billion were conducted during the week ending on April 14, 2023, according to figures released by the Dubai Land Department (DLD).

The DLD report showed that 226 plots were sold for Dhs5.76 billion, 2,020 apartments and villas were sold for Dhs4.43 billion.

Dubai real estate

The top three transactions were a Dhs3.87 billion land in Mugatrah, followed by a Dhs630.8 million land in Al Layan 1, and another worth Dhs91 million in Al Barsha South Fourth.

Al Hebiah Fifth recorded the most transactions for this week with 74 sales transactions worth Dhs198.41 million, followed by Madinat Hind 4 with 34 sales transactions worth Dhs44.36 million, and Al Hebiah Fourth with 27 sales transactions worth Dhs251 million in third place.

The top three transfers for apartments and villas were a Dhs76 million unit, an apartment worth Dhs58 million, and an Dhs50 million unit, all located in Palm Jumeirah.

The value of mortgaged properties for the week reached Dhs1.31 billion.

Meanwhile, 68 properties were granted between first-degree relatives worth Dhs144 million.


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