According to the Dubai Land Department, the value of transactions in the real estate market in Dubai reached AED 9.1 billion ($2.5 billion) by the end of the week (DLD).
For the week ending December 9, 2022, at least 2,233 apartments and villas were sold for a combined AED 4.64 billion.
At least 419 plots worth a combined AED 2.24 billion were also auctioned. The largest transaction for the week was a land sale in Marsa Dubai for AED265.69 million.
A plot was purchased for AED64.16 million at the World Islands, which was another high-profile transaction.
The total value of the mortgaged real estate for the week was AED1.75 billion. apartments and villas