Dubai realty records over AED15bn weeklong transactions

A total of 2,867 real estate transactions worth over AED15 billion were conducted during the week ending 25th November, 2022, according to figures released by the Dubai Land Department (DLD).

The DLD report revealed that Dubai saw the sale of 313 plots for AED1.57 billion, as well as 1,936 apartments and villas for AED 4.48 billion.

Al Hebiah Fifth recorded the most transactions for this week with 110 sales worth AED 351.33 million, followed by Jabal Ali First with 73 sales worth AED 236.59 million, and Al Yufrah 2 with 23 sales worth AED 29 million.

The top three transfers for apartments and villas were an apartment was sold for AED 52 million in Jumeirah Second, and another for AED 40 million in Palm Jumeirah, with a third being sold for AED 33 million in Palm Jumeirah.

The sum of mortgaged properties for the week stood at 8.43 billion. Meanwhile, 145 properties were granted between first-degree relatives worth AED 523 million.

News Source: Emirates News Agency