AED6.8 billion in weeklong real estate transactions in Dubai

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According to data issued by the Dubai Land Department, 2,285 real estate transactions of AED6.8 billion were completed for the week ending July 29, 2022.

For a total of AED1.35 billion, 254 plots were sold; for AED3.35 billion, 1,516 apartments and villas were sold.

The top three transactions included the sale of land in Hadaeq Sheikh Mohammed Bin Rashid for AED100.53 million, followed by the sale of land there for AED90 million.

Al Hebiah Fifth led the pack with 134 sales transactions totaling AED307.67 million. Jabal Ali First came in second with 28 sales transactions totaling AED97.82 million, and Al Yufrah 2 came in third with 21 sales transactions totaling AED28 million.

The top three transfers for apartments and villas were an apartment in Marsa Dubai that sold for AED501 million, an apartment in Burj Khalifa that sold for AED346 million, and an apartment in Business Bay that sold for AED227 million.

The total value of mortgaged real estate for the week was AED1.62 billion, with a plot in Business Bay receiving the highest mortgage payment of AED308 million.

AED511 million worth of 79 properties were distributed among first-degree relatives.

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