Dubai, UAE— Dubai real estate market recorded real estate transactions worth AED1.7 billion ($462 million) on Tuesday, Dubai Land Department said.
The transactions included 425 sales transactions worth AED1.32 billion, in addition to 71 mortgage deals of AED386.7 million, and 12 gift deals amounting to AED56.77 million.
The sales included 403 villas and apartments worth AED1.17 billion, and 22 land plots worth AED149.92 million, while mortgages included 55 villas and apartments worth AED315.5 million and 16 land plots valued at AED71.2 million.
A total of 2,703 real estate transactions worth AED8 billion ($2.17 billion) were conducted during the week ending 21 October, 2022, according to the Dubai Land Department (DLD).
A total of 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion.
Jabal Ali First recorded the most transactions for this week with 48 sales transactions worth AED151.59 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 18 sales transactions worth AED421.33 million, and Al Yufrah 2 with 11 sales transactions worth AED13 million.