In transactions over the course of a week, Dubai’s real estate market records over AED11.3 billion

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For the week ending October 28, 2022, there were 2,217 real estate transactions totaling AED7 billion, according to figures provided by the Dubai Land Department.

234 plots were sold for a combined AED2.26 billion, while 1,983 apartments and villas cost AED4.74 billion.

The top three land transactions were the sale of a plot of land in Island 2 for AED130 million, a plot of land in Palm Jumeirah for AED300 million, and a plot of land in World Islands for AED86 million. This week, Jebel Ali had the highest sales transactions with 105 totalling AED353 million, followed by Mohammed bin Rashid Gardens with 29 totaling AED634 million and Al Mamzar with 23 totaling AED166 million.

The top three apartment and villa sales in Palm Jumeirah totaled AED60 million, with Umm Suqeim Third coming in second with AED49 million and Me’aisem First coming in third with AED45 million. (real estate)

Business Bay recorded the most sales transactions this week with 269 totalling AED449 million, followed by Dubai Marina with 241 totaling AED939 million and Barsha South Fourth with 170 totaling AED143 million.

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