DUBAI, UAE – A total of 2,329 real estate transactions worth over US$3.4 billion (AED 12.7 billion) were conducted during the week ending September 15, 2023, according to figures released by the Dubai Land Department (DLD).
The DLD report showed that 549 plots were sold for US$1.1 billion (AED 4.25 billion), while 1,780 apartments and villas were purchased for US$1.07 billion (AED 3.94 billion).
The top three transactions were a plot in Marsa Dubai sold for US$169 million (AED 622.91 million), a plot sold for US$49 million (AED 180 million) in Business Bay, and another sold for US$40 million (AED 150 million) in Marsa Dubai.
Al Hebiah Fifth recorded the most sales transactions for this week with 123 transactions worth US$143 million (AED 527.18 million), followed by Madinat Al Mataar with 113 transactions worth US$147 million (AED 542.17 million), and Madinat Hind 4 with 111 transactions worth US$44 million (AED 161.9 million).
The top three apartment and villa transfers included an US$23 million (AED 88 million) apartment sold in Al Barsha First, another apartment sold for US$20 million (AED 75 million) in Palm Jumeirah.
The total value of mortgaged properties for the week reached US$1.05 billion (AED 3.88 billion). Meanwhile, 165 properties were granted between first-degree relatives worth US$182 million (AED 670 million).
