DUBAI, UAE – A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during the week ending October 6, 2023, according to figures released by the Dubai Land Department (DLD).
The DLD report showed that 248 plots were sold for US$476 million ( AED 1.75 billion), while 1,197 apartments and villas were purchased for US$865 million (AED 3.18 billion).
The top three transactions were a land in Jumeirah Second sold for AED 100.44 million, a land sold for AED 100 million in Al Hebiah Fourth, and another in Al Hebiah Fourth sold for AED 70.33 million.
Al Hebiah Fifth recorded the most sales transactions for this week with 78 transactions worth AED 319.83 million, followed by Madinat Hind 4 with 60 sales transactions worth AED 98.25 million, and Madinat Al Mataar with 18 sales transactions worth AED 130.27 million.
The top three apartment and villa transfers included one in Palm Jumeirah for AED 220 million, another in Zaabeel First worth AED 200 million, and an apartment in Al Thanayah Fourth worth AED 95 million.
The total value of mortgaged properties for the week reached AED 4.2 billion. Meanwhile, 110 properties were granted between first-degree relatives worth AED 392 million.