The entire value of Dubai’s real estate deals over the last week was AED9.4 billion

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The week ending September 9, 2022 saw a total of AED9.4 billion in real estate and property transactions, according to information from the Dubai Land Department. 2,594 transactions were totaled.

871 flats, villas, and plots were sold for a combined AED 946.55 million and AED 3.92 billion.

Sale of land in Island 2 for AED 46.5 million, sale of land in Al Barsha South Third for AED 26 million, and sale of land in Island 2 for AED 46.5 million made up the top three transactions.

The most sales this week were made by Al Hebiah Fifth, with 78 deals worth AED195.97 million. With 25 transactions totaling AED146.24 million, Nad Al Shiba First finished in second, and Jabal Ali First took third with 24 purchases totaling AED89 million.

An apartment in Al Wasl sold for AED664 million, a villa in Marsa Dubai sold for AED460 million, and an apartment in Business Bay sold for AED419 million, making up the top three transfers for apartments and villas.

The overall value of mortgaged properties for the week was AED3.42 billion, with an AED2 billion mortgage on land in Nadd Hessa being the highest.

One billion AED worth of real estate was divided among 100 first-degree relatives.

Today in the Dubai real estate market, there were 228 sales transactions worth AED443.59 million, 79 mortgage agreements worth AED201.95 million, and 11 gift agreements worth AED27.97 million.

While 213 villas and flats worth AED360.71 million and 51 land plots worth AED82.88 million were sold, 64 villas and apartments worth AED97.61 million and 15 land plots worth AED104.34 million were included in the mortgages.

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