Dubai saw real-estate deals worth $1.23bn this week

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During the week ending January 14, the transactions numbered 1,559, according to the Dubai Land Department. Credit: Creative Commons
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  • A total of 219 plots were sold for AED1.12 billion (around $305 million) in Dubai
  • Meanwhile, 1,022 apartments and villas were sold for AED2.25 billion ($612.66 million)

Dubai saw real-estate and property deals worth AED4.5 billion ($1.23 billion) this week, according to data from the Dubai Land Department (DLD).

During the week ending January 14, the transactions numbered 1,559, said the DLD data.

A total of 219 plots were sold for AED1.12 billion (around $305 million), 1,022 apartments and villas were sold for AED2.25 billion ($612.66 million).

Jabal Ali First recorded the most transactions for this week, with 99 sales transactions worth AED227.19 million ($61.86 million).

Al Hebiah Fifth was second with 44 sales transactions worth AED97.93 million ($26.67 million), and Wadi Al Safa 5 was in the third place with eight sales transactions worth AED37 million ($10.07 million).

The top three transfers for apartments and villas included on top an apartment sold for AED380 million ($103.47 million) in Marsa Dubai.

Another apartment was second in the list, sold for AED271 million ($73.79 million) in Business Bay.

Third was an apartment sold for AED186 million ($50.65 million) in the Burj Khalifa.

The total amount of mortgaged properties for the week was AED958.64 million (around $261 million), with the highest being a land in Wadi Al Safa 3, mortgaged for AED199 million ($54.19 million).

A total of 48 properties were granted between first-degree relatives worth AED221 million ($60.18 million).

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