DUBAI, UAE – A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the week ending February 9, 2024, according to data released by the Dubai Land Department (DLD).
The DLD report showed that 197 plots were sold for US$315 million (AED1.61 billion), while 2,572 apartments and villas were purchased for US$1.5 billion (AED5.68 billion).
The top three transactions were a land in Warsan Fourth sold for US$32 million (AED120.32 million), a land sold for US$21 million (AED78.86 million) in Al Barshaa South Third and another in Wadi Al Safa 3 sold for US$14 million (AED54 million).
Madinat Hind 4 recorded the most sales transactions for this week with 77 transactions worth US$54 million (AED199.72 million), followed by Al Hebiah Fifth with 30 transactions worth US$37 million (AED136.08 million), and Jabal Ali First with 11 transactions worth US$14 million (AED51.65 million).
The top three apartment and villa transfers included one in Island 2 for AED140.45 million, another in Jumeirah First worth AED119 million, and an apartment in Al Safouh Second worth AED80 million.
The total value of mortgaged properties for the week reached US$490 million (AED1.8 billion). Meanwhile, 135 properties were granted between first-degree relatives worth AED725 million.