Dubai, UAE – A total of 3,103 real estate and properties transactions valued at approximately $2.64 billion in total were conducted during the week ending 11th August 2023, according to the Dubai Land Department (DLD).
The weekly DLD report noted that 235 plots were sold for about $609 million, 2,302 apartments and villas were sold for approximately $1.57 billion.
The top three transactions were a land in Al Wasl sold for around $100.38 million, followed by a land that was sold for about $75.14 million in Trade Center Second, and a land sold for approximately $49.36 million in Palm Deira in third place.
Madinat Hind 4 recorded the most transactions for this week, with 72 sales transactions worth roughly $28.17 million, followed by Al Hebiah Fifth with 58 sales transactions worth about $63.37 million, and Jabal Ali First with 24 sales transactions worth around $25.06 million in third place.
The top three transfers for apartments and villas were a villa sold for about $21.52 million in World Islands, a villa that ranked second on the list sold for approximately $19.62 million in World Islands, and thirdly an apartment was sold for about $16.34 million in Zaabeel First.
The sum of the amount of mortgaged properties for the week was about $387.43 million, with the highest being a land in Al Barshaa South Second, mortgaged for around $70.77 million. 93 properties were granted between first-degree relatives and were worth about $91.67 million.