A total of 3,164 real estate transactions worth Dhs8.6 billion were conducted during the week ending March 24, 2023, according to figures released by the Dubai Land Department (DLD).
The DLD report said that 218 plots were sold for Dhs1.9 billion, while apartment and villa sales stood at 2,177, totalling Dhs4.73 billion.
Dubai real estate transactions
The top three sales were two lands sold in Palm Jumeirah worth Dhs550 million and Dhs74 million, and a land worth Dhs70 million in Al Thanyah Fourth.
Al Hebiah Fifth recorded the most transactions for this week by 94 sales transactions worth Dhs326.67 million, followed by Al Hebiah Fourth with 25 sales transactions worth Dhs247.85 million, and Jabal Ali First with 24 sales transactions worth Dhs65 million.
The top three apartment and villa transfers were a Dhs61 million unit in Mankhool, a Dhs54 million unit in Palm Jumeirah, and a Dhs52 million unit in Marsa Dubai.
Dubai mortgaged properties
The sum of the amount of mortgaged properties for the week reached Dhs1.54 billion.
Meanwhile, 349 properties worth Dhs522 million were granted between first-degree relatives.
Friday real estate sales
Dubai real estate market recorded 305 sales transactions worth Dhs727.79 million, in addition to 73 mortgage deals of Dhs224.18 million, and 10 gift deals amounting to Dhs21.18 million on Friday, data released by Dubai’s Land Department showed.
The sales included 280 villas and apartments worth Dhs617.43 million, and 25 land plots worth Dhs110.36 million.
The mortgages included 63 villas and apartments worth Dhs224.18 million and 10 land plots valued at AED22.09 million, bringing the total realty transactions to over Dhs973 million.
tanvir@dubainewsweek.com
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