Dubai’s weeklong real estate transactions exceed AED13bn

DUBAI, 20th January, 2023 (WAM) — A total of 2,704 real estate transactions worth over AED 13 billion were conducted during the week ending 20th January, 2023, according to figures released by the Dubai Land Department (DLD).

The DLD report showed that 235 plots were sold for AED 1.13 billion, while 1,944 apartments and villas were purchased for AED 4.39 billion.

The top three transactions were a land in Al Thanyah Fifth sold for AED 77.23 million, a land sold for AED 25.12 million in Al Hebiah Fifth, and another in Warsan Fourth sold for AED 25 million.

Al Hebiah Fifth recorded the most sales transactions for this week with 134 transactions worth AED 451.18 million, followed by Al Jadaf with 26 transactions worth AED 134.83 million, and Jabal Ali First with 14 transactions worth AED 49 million.

The top three apartment and villa transfers included one in Wadi Al Safa 5 for AED 135 million, another in Island 2 worth AED 73 million, and an apartment in Al Wasl worth AED 73 million.

The value of mortgaged properties for the week reached AED 7.01 billion. Meanwhile, 104 properties were granted between first-degree relatives worth AED 1 billion.

Amjad Saleh

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