A weeklong real estate transaction in Dubai totaled AED10.9 billion

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Real estate and property transactions totaling AED10.9 billion were completed during the week ending July 22, 2022. There were a total of 2,509 transactions.

263 plots were sold for AED1.46 billion, and 1,716 apartments and villas were sold for AED3.67 billion.

The top three transactions, according to the DLD weekly report, were a land sale in Burj Khalifa for AED167.09 million, a land sale in Al Barsha First for AED70.6 million, and a land sale in Burj Khalifa for AED167.09 million.

This week, Al Hebiah Fifth had the most transactions, with 130 purchases totaling AED328.15 million. Jabal Ali First was second with 32 sales totaling AED92.67 million, and Al Yufrah 2 was third with 24 sales totaling AED28 million.

The top three transfers for apartments and villas were an apartment in Palm Jumeirah that went for AED632 million, an apartment in Burj Khalifa that went for AED352 million, and an apartment in Marsa Dubai that went for AED314 million.

The total value of mortgaged properties for the week was AED5.09 billion, with land in Al Satwa receiving the highest mortgage payment of AED96 million.

AED720 million worth of 119 real estate were distributed to first-degree relatives.

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