AED 5.5 billion in real estate and property transactions in Dubai over a week

  • 2 years ago
  • News
  • 0
real estate

Real estate and property transactions totaled 5.5 billion AED in the week ending July 15, 2022. There were a total of 1,614 transactions.

According to Dubai’s Land Department (DLD), 186 plots were sold for AED 594.72 million, while 1,004 apartments and villas were sold for AED 2.43 billion.

The top three transactions, according to the DLD weekly report, were land in Ras Al Khor Industrial First that sold for AED 32.91 million, land in Al Merkadh that sold for AED 19.41 million, and land in Ras Al Khor Industrial First that sold for AED 32.91 million in third place.

With 105 sales transactions totaling AED 262.43 million, Al Hebiah Fifth took the lead. Jabal Ali First finished second with 35 sales transactions totaling AED 101.75 million, and Al Yufrah 2 finished third with 12 sales transactions totaling AED 15 million.

The top three transfers for apartments and villas were a Burj Khalifa apartment that sold for AED 317 million, an Al Wasl apartment that sold for AED 240 million, and a Palm Jumeirah apartment that sold for AED 191 million.

The total value of mortgaged properties for the week was 2.06 billion, with AED 550 million mortgages on the Burj Khalifa building representing the largest amount.

AED 479 million worth of 80 properties and real estate were distributed to first-degree relatives.

Join The Discussion

Compare listings