Dubai, UAE — Dubai recorded a total of 3,785 real estate transactions wort AED 16.6 billion ($4.51 billion) during the week ending 22 December 2023, according to the emirates Land Department.
A total of 216 plots were sold for AED 4.91 billion, 2,729 apartments and villas were sold for AED 7.49 billion.
The top three transactions were a land in Al Yelayiss 5 sold for AED 2.43 billion, followed by a land that was sold for AED 64.09 million in Al Hebiah Fourth, and a land sold for AED 57.67 million in Al Goze Second in third place.
Palm Jabal Ali recorded the most transactions for this week with 35 sales transactions worth AED 850.21 million, followed by Madinat Hind 4 with 29 sales transactions worth AED 52.87 million, and Al Hebiah Fifth with 18 sales transactions worth AED 58.5 million in third place.
The top three transfers for apartments and villas were an apartment that was sold for AED 720 million in Palm Jumeirah, followed by another that sold for AED 92 million in Dubai Investment Park First, and thirdly an apartment sold for AED 62.1 million in Island 2.
The sum of the amount of mortgaged properties for the week was 2.29 billion, with the highest being a land in Al Safouh Second, mortgaged for AED 509.2 million.
A total of 257 properties were granted between first-degree relatives worth AED 2 billion. The first-degree relatives comprise an individual’s parents, siblings, children, or a fully owned company by an individual.
