Dubai records realty transactions worth $299 million Thursday

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Dubai recorded realty deals worth $299 on Thursday. (WAM)
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  • The deals included 371 sales transactions worth AED825.36 million, in addition to 81 mortgage deals of AED231.57 million, and 18 gift deals amounting to AED48.1 million.
  • The sales included 334 villas and apartments worth AED626.55 million, and 37 land plots worth AED198.81 million.

Dubai, UAE– Dubai real estate market recorded realty transactions worth AED1.1 billion ($299 million) on Thursday, Dubai Land Department said.

The deals included 371 sales transactions worth AED825.36 million, in addition to 81 mortgage deals of AED231.57 million, and 18 gift deals amounting to AED48.1 million.

The sales included 334 villas and apartments worth AED626.55 million, and 37 land plots worth AED198.81 million, while mortgages included 65 villas and apartments worth AED143.97 million and 16 land plots valued at AED87.6 million.

A total of 2,317 real estate transactions worth AED8.9 billion ($2.49 billion) were conducted during the week ending 16 September 2022.

A total of 227 plots were sold for AED4.35 billion, and 1,560 apartments and villas were purchased for AED3.44 billion.

The top three transactions were a land in Madinat Al Mataar sold for AED988 million, a land sold for AED259.24 million in Al Yufrah 1, and a land sold for AED988 million in Madinat Al Mataar.

Al Hebiah Fifth recorded the most transactions for this week with 66 sales transactions worth AED221.48 million, followed by Nad Al Shiba First with 39 sales transactions worth AED183.93 million, and Jabal Ali First with 33 sales transactions worth AED136 million.

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