Dubai, UAE – A plot of land that sold for AED456.25 million ($124.23 million) in Business Bay was the most valuable of the 2,739 real estate deals worth AED10.4 billion ($2.83 billion) conducted during the week ending 7 April 2023.
The Dubai Land Department said in its weekly report that 222 plots were sold for AED1.8 billion and 2,086 apartments and villas were sold for AED4.56 billion.
After the Business Bay plot, the other top transactions were a land worth AED150 million in Al Thanayah Fourth and a plot of land sold for AED456.25 million in Business Bay.
Al Hebiah Fifth recorded the most transactions for this week with 93 sales transactions worth AED246.61 million, followed by Madinat Hind 4 with 33 sales transactions worth AED43.22 million, and Al Hebiah Fourth with 30 sales transactions worth AED261 million in third place.
The top three apartment sales were apartments in Wadi Al Safa 3 (AED170 million), Island 2 (AED137 million) and Island 2 for AED130 million.
The sum of the number of mortgaged properties for the week was 3.96 billion, with the highest being a land in Mirdif, mortgaged for AED 1 billion. A total of 76 properties were granted between first-degree relatives worth AED138 million.