Real estate transactions worth AED7.1 billion ($1.9 billion) were recorded by the Dubai Land Department during the week ending 25 February 2022.
The total number of transactions was 2,064, which included 300 plots of land that were sold for AED2.58 billion and 1,382 apartments and villas sold for AED2.88 billion.
The top transactions were a plot of land in Marsa Dubai that sold for AED535.92 million, followed by a plot that was sold for AED476.81 million in Marsa Dubai.
Al Hebiah Fifth recorded the most transactions for this week by 131 sales transactions worth AED288.54 million, followed by Jabal Ali First with 67 sales transactions worth AED225.98 million, and Al Merkadh with 21 sales transactions worth AED109 million.
The top three transfers for apartments and villas were an apartment for AED518 million in Marsa Dubai, an apartment for AED250 million in Al Khairan First and an apartment for AED241 million in Burj Khalifa.
The sum of the amount of mortgaged properties for the week was AED1.42 billion, with the highest being a plot of land in Business Bay, mortgaged for AED173 million. A total of 57 properties were granted between first-degree relatives worth AED278 million.
