Dubai records realty transactions worth US$1.8bn in week

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The sum of the amount of mortgaged properties for the week reached US$253 million (AED930.7 million). (WAM)
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  • A total of 243 plots were sold for $351 million (AED1.29 billion) in Dubai.
  • A total of 1,659 apartments and villas were purchased for $955 million (AED3.51 billion).

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).

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