Dubai real estate deals above AED9 billion in a week

real estate

2,157 real estate transactions of more than AED 9 billion were made for the week ending 3 February 2023, according to figures published by the Dubai Land Department. (DLD).

The largest transaction was the sale of land in Al Wasl for AED 147.5 million, which was followed by sales of land in Island 2 for AED 112 million and Mohammad bin Rashid Gardens for AED 54 million.

Al Hebiah Fourth took third place with 14 sales totaling AED 149 million, followed by Al Yufrah 1 in second place with 28 sales totaling AED 163.27 million. The most transactions this week were made by Al Hebiah Fifth, with 108 sales totaling AED 383.71 million.

The top three apartment and villa transfers were an Island 2 apartment at 410 million AED, a Business Bay apartment worth 220 million AED, and a Palm Jumeirah property worth 125 million AED. real estate

Property mortgages totaled AED 1.68 billion for the week, with land in Al Barsha South Fourth obtaining the largest mortgage of AED 324 million. 74 homes worth a combined AED 665 million were transferred to first-degree relatives during this time.

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