Dubai, UAE — Dubai real estate market recorded real estate deals valued at more than AED2.3 billion ($626 million) on Tuesday, Dubai Land Department said.
The deals included a total of 434 sales transactions worth AED1.83 billion, in addition to 86 mortgage deals of AED426.46 million, and 139 gift deals amounting to AED123.6 million.
The sales included 395 villas and apartments worth AED944.57 million, and 37 land plots worth AED889.15 million.
The mortgages included 20 plots of land worth AED266.4 million and 66 villas and apartments worth AED160.06 million.
A total of 3,903 real estate transactions worth AED 10 billion ($2.72 billion) were conducted during last week ending 17th Mar 2023.
The DLD report revealed that 208 plots were sold for AED 1.12 billion, while 2,906 apartment and villa sales totaled AED 6.25 billion.
The top three transactions were three lands in Al Jadaf sold for AED 38.5 million, AED 38.5 million, and AED 37 million respectively.
Al Hebiah Fifth recorded the most transactions for this week with 88 sales transactions worth AED 232.71 million, followed by Jabal Ali First with 22 sales transactions worth AED 72.92 million, and Madinat Hind 4 with 20 sales transactions worth AED 25 million.
The top three apartment and villa transfers were a villa sold for AED 150 million in Palm Jumeirah, an apartment worth AED 80 million in Island 2, and another sold for AED 65 million in Palm Jumeirah.
The value of mortgaged properties for the week stood at AED 2.17 billion, while 341 properties were granted between first-degree relatives worth AED 548 million.