Khaleej Times, Sunday, Apr 16, 2023 | Ramadan 23, 1444
Dubai records 2,246 real estate transactions valued at Dh11.6 billion during the week
Emirates:
Dubai recorded 2,246 real estate and properties transactions valued at Dh11.6
billion during the week ending April 14, data from the Dubai Land Department
showed on Friday.
Overall, 226 plots were sold for Dh5.76 billion, 2,019 apartments and villas
were sold for Dh4.42 billion.
The top three transactions were a plot of land in Mugatrah sold for Dh3.87
billion, followed by a plot that was sold for Dh630.8 million in Al Layan1, and
a plot sold for Dh91 million in Al Barsha South Fourth in third place.
Al Hebiah Fifth recorded the most transactions for this week by 74 sales
transactions worth Dh198.41 million, followed by Madinat Hind 4 with 34 sales
transactions worth Dh44.36 million, and Al Hebiah Fourth with 27 sales
transactions worth Dh251 million in third place.
The top three transfers for apartments and villas were sold in Palm Jumeirah for
Dh76 million, Dh58 million and Dh50 million respectively.
The sum of the amount of mortgaged properties for the week was 1.31 billion,
with the highest being a land in Al Thanayah Fourth, mortgaged for Dh91 million.
68 properties were granted between first-degree relatives worth Dh144 million.