The real estate and properties transactions valued at US$2.8 billion (AED10.3 billion) in total during the week ending 19 August 2022. The sum of transactions was 3,149.
344 plots were sold for $694 million (AED2.55 billion), 2,239 apartments and villas were sold for $1.07 billion (AED3.94 billion).
The top three transactions were a land in Al Wasl sold for $108 million (AED400.18 million), followed by a land sold for $55 million (AED205 million) in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for $35 million (AED130 million) in Palm Jumeirah.
Al Hebiah Fifth recorded the most transactions for this week by 173 sales transactions worth $129 million (AED475.48 million), followed by Jabal Ali First with 70 sales transactions worth $77 million (AED284.36 million), and Al Yufrah 2 with 28 sales transactions worth $9.5 million (AED35 million).
The top three transfers for apartments and villas were an apartment sold for $163 million (AED600 million) in Business Bay, an apartment sold for $118 million (AED437 million) in Palm Jumeirah, and an apartment sold for $110 million (AED406 million) in Burj Khalifa.
The sum of the amount of mortgaged properties for the week was $1.01 billion (AED3.74 billion), with the highest being a land in Al Mamzer, mortgaged for $272 million (AED1 billion).
80 properties were granted between first-degree relatives worth $29 million (AED110 million).