Dubai logs over AED8.1bn in weeklong real estate transactions

DUBAI, A total of 2,574 real estate transactions worth over AED 8.1 billion were conducted during the week ending 13th January, 2023, according to figures released by the Dubai Land Department (DLD).

The DLD data showed that 221 plots were sold for AED 1.18 billion, while 1,889 apartment and villa purchases worth AED 4.93 billion were made.

The top three transactions were a land in Jabal Ali First sold for AED 46.1 million, followed by a land in Wadi Al Safa 4 sold for AED 45.01 million, and a land in Al Thanyah Fourth sold for AED 39 million.

Al Hebiah Fifth came in first for the most transactions for this week recording 112 sales transactions worth AED 433.61 million, followed by Al Jadaf with 25 sales transactions worth AED 57.53 million, and Jabal Ali First with 21 sales transactions worth AED 115 million.

The top three transfers for apartments and villas were an apartment sold for AED 125 million in Al Raffa, one sold for AED 120 million in Al Jadaf, and another sold for AED 116 million in Island 2.

The value of mortgaged properties for the week reached 1.51 billion, while properties granted between first-degree relatives totalled 92 at a value of AED 498 million.

Source: Emirates News Agency