Dubai records $2.6bn real estate transactions in week

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The most expensive transaction was a plot of land in Nadd Hessa which sold for $95 million. (WAM)
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  • A total of 2,433 real estate transactions worth $2.6 billion were conducted during the week ending 12th August, 2022
  • A total of 326 plots were sold for $446 million, while 1,567 apartments and villas were purchased for $849 million

A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August, 2022, according to figures released by the Dubai Land Department.

A total of 326 plots were sold for $446 million (AED1.64 billion), while 1,567 apartments and villas were purchased for $849 million (AED3.12 billion).

The top three transactions were a land plot in Nadd Hessa sold for $95 million, followed by another sold for $24 million in Island 2, and one sold for $11 million in Al Hebiah Fourth.

Al Hebiah Fifth recorded the most transactions for this week, registering 214 sales transactions worth $162 million, followed by Jabal Ali First with 39 sales transactions worth $44 million, and Al Yufrah 2 with 26 sales transactions worth $8.9 million in third place.

66 properties were granted between first-degree relatives worth $89 million (AED327 million).

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