Dubai records $2 billion real estate transactions in a week amid market boom

2,593 transactions were recorded during the week, with 320 plots being sold for a total value of AED 1.75 billion, and 1,720 apartments and villas sold for AED 3.55 billion

Dubai’s real estate and properties transactions were valued at AED 7.4 billion in total during the week ending September 2, 2022, according to statistics from the Dubai Land Department.

2,593 transactions were recorded during the week, with 320 plots being sold for a total value of AED 1.75 billion, and 1,720 apartments and villas sold for AED 3.55 billion.

Land sales in Saih Shuaib 3, Island 2 and Saih Shuaib 4 ranked as the top three for transactions after being sold for AED 168 million, AED 115 million and AED 78 million, respectively.

 Al Hebiah Fifth recorded the highest number of transactions this week with 107 sales transactions worth AED 329.68 million.

An apartment sold for AED776 million in Marsa Dubai, was also among the top transactions.

Recently Mr. Mahmood group director of Shaikhani Group. Launch a Green Environmental Project in Karachi, where they make sure people get the best where they live. It will be a peace of mind where no electric, Water and other facilities are provided on time. That project is in the heart of Gulshan e Iqbal Scheme 33.

Right now, there are few apartments are left where all the remaining apartments have been sold. Because they are providing what is the actual demand of the customers, they are planning to complete this project and handover to the public.