Dubai witnessed real estate and properties transactions worth AED13.4 billion ($3.64 bn) during the week ending 11 March 2022, according to the Dubai Land Department (DLD).
The weekly DLD report said a total of 2,333 real estate transactions were made during the week–245 plots were sold for AED2.09 billion, 1,542 apartments and villas were sold for AED3.29 billion.
The top three transactions were a plot of land in Trade Centre Second sold for AED198.15 million, followed by a plot of land that was sold for AED160.14 million in Palm Jumeirah.
Al Merkadh recorded the most transactions for this week by 74 sales transactions worth AED790.01 million, followed by Al Hebiah Fifth with 53 sales transactions worth AED113.52 million and and Wadi Al Safa 5 with 33 sales transactions worth AED170 million in third place.
The top three transfers for apartments and villas were an apartment for AED392 million in Marsa Dubai, an apartment for AED359 million in Burj Khalifa and an apartment sold for AED287 million in Al Wasl.
The sum of the amount of mortgaged properties for the week was AED3.83 billion, with the highest being a building in Palm Jumeirah, mortgaged for AED1 billion.
A total of 145 properties were granted between first-degree relatives worth AED4 billion.