During the week ending 15 July 2022, Dubai recorded real estate transactions valued at AED 5.5 billion ($1.49 billion).
A total of 1,614 transactions were recorded, including 186 plots that were sold for AED 594.72 million and 1,004 apartments and villas were sold for AED 2.43 billion, said Dubai’s Land Department (DLD).
The DLD weekly report said the top three transactions were a plot of land in Ras Al Khor Industrial First sold for AED 32.91 million, followed by a plot of land that was sold for AED 19.41 million in Al Merkadh, and a plot of land for AED 32.91 million in Ras Al Khor Industrial First.
Al Hebiah Fifth recorded the most transactions for this week by 105 sales transactions worth AED 262.43 million, followed by Jabal Ali First with 35 sales transactions worth AED 101.75 million, and Al Yufrah 2 with 12 sales transactions worth AED 15 million in third place.
The top three transfers for apartments and villas were an apartment was sold for AED 317 million in Burj Khalifa, an apartment was second in the list sold for AED 240 million in Al Wasl, and thirdly it was an apartment sold for AED 191 million in Palm Jumeirah.
The sum of the amount of mortgaged properties for the week was 2.06 billion, with the highest being a building in Burj Khalifa, mortgaged for AED 550 million.
A total of 80 properties were granted between first-degree relatives worth AED 479 million.