Dubai's weeklong real estate transactions hit AED 7 billion

The real estate and properties transactions were valued at AED 7 billion in total during the week ending 04 March 2022, according to the Dubai Land Department (DLD).

The DLD weekly report said the sum of transactions was 2,131.

229 plots were sold for AED 1.44 billion, 1,455 apartments and villas were sold for AED 3.29 billion.

The top three transactions were a land in Marsa Dubai sold for AED 412.95 million, followed by a land that was sold for AED 60.89 million in Al Wasl, and a land sold for AED 412.95 million in Marsa Dubai in third place.

Al Hebiah Fifth recorded the most transactions for this week by 90 sales transactions worth AED 203.19 million, followed by Jabal Ali First with 29 sales transactions worth AED 97.55 million, and Wadi Al Safa 5 with 22 sales transactions worth AED 109 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 545 million in Palm Jumeirah, an apartment was second in the list sold for AED 289 million in Marsa Dubai, and thirdly it was an apartment sold for AED 261 million in Al Khairan First.

The sum of the amount of mortgaged properties for the week was 2.17 billion, with the highest being a land in Hadaeq Sheikh Mohammed Bin Rashid, mortgaged for AED 529 million.

59 properties were granted between first-degree relatives worth AED 164 million.

News Source: Emirates News Agency