DUBAI, UAE – A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23, 2022, according to figures released by the Dubai Land Department.
A total of 243 plots were sold for $351 million (AED1.29 billion), and 1,659 apartments and villas were purchased for $955 million (AED3.51 billion).
The top three transactions were a plot of land in Burj Khalifa which sold for $27.2 million (AED100 million), a plot of land sold for $13.6 million (AED50 million) in Al Barsha South Fourth, and a plot of land sold for $13 million (AED48 million) in Umm Suqeim area in Dubai.
Al Hebiah Fifth recorded the most transactions for this week with 102 sales transactions worth $67 million (AED246.53 million), followed by Jabal Ali First with 37 sales transactions worth $44 million (AED162.11 million), and Al Yufrah 2 with 20 sales transactions worth $6 million (AED24 million).
The sum of the amount of mortgaged properties for the week reached $253 million (AED930.7 million), while 119 properties were granted between first-degree relatives worth $77 million (AED286 million).
