A villa was sold for Dhs74 million in World Islands Dubai. A total of 3,105 real estate transactions worth Dhs9.1 billion were conducted in Dubai during the week ending May 19, 2023, according to figures released by the Dubai Land Department (DLD).
The DLD report showed that 191 plots were sold for Dhs1.14 billion, and 2,284 apartments and villas were sold for Dhs6.03 billion, according to WAM.
The top three transactions included a land in Island 2 sold for Dhs135 million, followed by a land sold for Dhs50 million in Business Bay, and another land sold for Dhs50 million in Hadaeq Sheikh Mohammed Bin Rashid.
Al Hebiah Fifth recorded the top transactions for this week with 54 sales worth Dhs185.13 million, followed by MADINAT HIND 4 with 34 sales worth Dhs50.26 million, and Al Hebiah Third with 14 sales worth Dhs53 million.
The top three transfers for apartments and villas included an apartment sold for Dhs122 million in Island 2, another apartment sold for Dhs105 million in Palm Jumeirah and Aavilla was sold for Dhs74 million in World Islands Dubai.
The sum of mortgaged properties for the week was Dhs1.68 billion, with the highest being a land in Business Bay, mortgaged for Dhs350 million.
About 77 properties worth Dhs264 million were transferred between first-degree relatives.
tanvir@dubainewsweek.com
