AED 13.4 billion in weeklong real estate transactions in Dubai

 

 

According to Dubai Land Department (DLD), the real estate and property transactions during the week ending 11 March, 2022 were valued at AED13.4 billion.

According to the DLD report, there were 2,333 transactions.

There were 245 plots sold for AED2.09 billion, and 1,542 apartments and villas were sold for AED3.29 billion.

The top three transactions were land sold for 198.15 million AED in Trade Centre Second, land sold for 160.14 million AED in Palm Jumeirah, and land sold for 198.15 million AED in Trade Centre Third.

Al Merkadh recorded the most transactions this week with 74 sales transactions worth AED790.01 million; followed by Al Hebiah Fifth with 53 sales transactions worth AED113.52 million; and Wadi Al Safa 5 with 33 sales transactions worth AED170 million in third place.

According to the top three transfers for apartments and villas, an apartment was sold for AED392 million in Marsa Dubai; an apartment was sold for AED359 million in Burj Khalifa, and a villa was sold for AED287 million in Al Wasl.

The total amount of mortgaged properties for the week was AED3.83 billion, with the highest mortgage being AED1 billion on a property in Palm Jumeirah.

AED4 billion worth of properties were granted between first-degree relatives.

 

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