DUBAI, UAE – A total of 4,048 real estate transactions worth over US$4.2 billion (AED 15.6 billion) were conducted during the week ending 23rd June, 2023, according to figures released by the Dubai Land Department (DLD).
The DLD report showed that 278 plots were sold for US$473 million (AED 1.74 billion), while 2,965 apartments and villas were purchased for US$1.9 billion (AED 7.34 billion).
The top three transactions were a land in Wadi Al Safa 3 sold for US$24 million (AED 89.23 million), a land sold for US$20 million (AED 75 million) in Madinat Dubai Almelaheyah, and another in Palm Jumeirah sold for US$19 million (AED 70 million).
Al Hebiah Fifth recorded the most sales transactions for this week with 82 transactions worth US$57 million (AED 212.4 million), followed by Madinat Hind 4 with 31 sales transactions worth US$11 million (AED 41.18 million), and Jabal Ali First with 27 sales transactions worth US$27 million (AED 100 million).
The top three apartment and villa transfers included one in Al Goze First for US$68 million (AED 252 million), another in Al Nahda First worth US$27 million (AED 100 million), and an apartment in Palm Jumeirah worth US$27 million (AED 100 million).
The total value of mortgaged properties for the week reached US$1.5 billion (AED 5.61 billion).
Meanwhile, 139 properties were granted between first-degree relatives worth US$254 million (AED 934 million).