The real estate and property market in Dubai had 2,593 transactions worth AED7.4 billion during the week ending September 2, 2022, according to data from the Dubai Land Department.
The statistics show that 320 plots sold for AED1.75 billion while 1,720 flats and villas were sold for AED3.55 billion.
The top three transactions involved the sales of land in Saih Shuaib 3, Island 2, and Saih Shuaib 4 for a total of AED168,000,000, AED115,000,000, and AED78,000,000, respectively.
Al Hebiah Fifth had the highest sales transactions this week with 107 deals totaling AED329.68 million, followed by Jabal Ali First with 60 deals totaling AED193.85 million and Nad Al Shiba First in third with 41 deals totaling AED205 million.
The top three sales of flats and villas were an apartment in Marsa Dubai that went for AED776 million, an apartment in Business Bay that went for AED367 million, and an apartment in the Burj Khalifa that went for AED303 million.
The total value of mortgaged properties for the week was AED1.24 billion, with an apartment in Business Bay receiving the highest mortgage amount of AED198 million.
Additionally, 111 properties valued AED 944 million were distributed among first-degree relatives.