The week ending July 15, 2022, had a total of 5.5 billion AED worth of real estate and property transactions. There were 1,614 transactions in total.
According to information provided by Dubai’s Land Department (DLD), 186 plots were sold for AED 594.72 million, and 1,004 apartments and villas were sold for AED 2.43 billion.
According to the DLD weekly report, the top three transactions involved land in Ras Al Khor Industrial First that sold for AED 32.91 million, land in Al Merkadh that sold for AED 19.41 million, and land in Ras Al Khor Industrial First that sold for AED 32.91 million in third place.
Al Hebiah Fifth pulled ahead with 105 sales transactions totaling AED 262.43 million. Jabal Ali First came in second with 35 sales transactions totaling AED 101.75 million, and Al Yufrah 2 came in third with 12 sales transactions totaling AED 15 million.
The top three transfers for apartments and villas were an apartment in Burj Khalifa that went for AED 317 million, an apartment in Al Wasl that went for AED 240 million, and an apartment in Palm Jumeirah that went for AED 191 million.
The total value of mortgaged properties for the week was 2.06 billion, with a Burj Khalifa building’s AED 550 million mortgages representing the largest amount.
AED 479 million worth of 80 properties were distributed to first-degree relatives.