Dubai, UAE–Dubai real estate market recorded transactions worth AED1.9 billion ($517 million) on Thursday, Dubai Land Department said.
These included 432 sales worth AED1.45 billion, in addition to 73 mortgage deals of AED464.03 million, and 20 gift deals amounting to AED18.34 million.
The sales included 342 villas and apartments worth AED1.06 billion, and 90 land plots worth AED384.09 million. The mortgages included 59 villas and apartments worth AED210.76 million and 14 land plots valued at AED253.27 million.
A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during the week ending January 6, 2023, according to figures released by the Dubai Land Department (DLD).
A total of 270 plots were sold for $612 million (AED 2.25 billion), 1,903 apartments and villas were sold for $1.33 billion (AED 4.89 billion).
The top two transactions were a land in Marsa Dubai sold for $169 million (AED 623.07 million), followed by a land that was sold for $21 million (AED 77.23 million) in Al Thanyah Fifth.
Al Hebiah Fifth recorded the most transactions for this week by 133 sales transactions worth $105 million (AED 386.38 million), followed by Jabal Ali First with 49 sales transactions worth $62 million (AED 228.15 million), and Al Merkadh with 12 sales transactions worth $34 million (AED 125 million) in third place.