Dubai’s weeklong real estate transactions total $1.4bn

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In Dubai, the highest transaction was of a plot in Hadaeq Sheikh Mohammed Bin Rashid which sold for $29 million. (WAM)
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  • In Dubai, 255 plots were sold for $337 million, 1,510 apartments and villas for $759 million
  • During the week, the total number of transactions was 2,247

In Dubai, the real estate and properties transactions valued at US$1.4 billion (AED5.3 billion) in total during the week ending 05 August 2022. The sum of transactions was 2,247.

255 plots were sold for US$337 million, 1,510 apartments and villas were sold for US$759 million.

The top transactions were a land in Hadaeq Sheikh Mohammed Bin Rashid sold for $29 million, followed by a land that was sold for $24 million in Island 2.

Al Hebiah Fifth recorded the most transactions for this week by 130 sales transactions worth $84 million, followed by Jabal Ali First with 40 sales transactions worth $34 million and Al Yufrah 2 with 26 sales transactions worth $8.4 million in third place.

The top three transfers for apartments and villas were an apartment sold for $102 million in Marsa Dubai, an apartment sold for $89 million in Business Bay, and an apartment sold for $66 million in Burj Khalifa.

The sum of the amount of mortgaged properties for the week was $310 million, with the highest being a land in Al Thanyah First, mortgaged for $38 million.

68 properties were granted between first-degree relatives worth $58 million.

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