According to data provided by the Dubai Land Department, 2,157 real estate transactions totaling more than AED 9 billion were made for the week ending 3 February 2023. (DLD).
According to the DLD data, 237 plots were sold for AED 1.56 billion, and a total of 1,920 apartment and villa sales of AED 5.77 billion were also reported.
Land in Al Wasl that sold for AED 147.5 million tops the list of transactions, followed by land in Island 2 that sold for AED 112 million and land in Mohammad bin Rashid Gardens that sold for AED 54 million.
Al Yufrah 1 came in second with 28 sales for AED 163.27 million, and Al Hebiah Fourth came in third with 14 sales worth AED 149 million. Al Hebiah Fifth had the most transactions this week with 108 sales worth AED 383.71 million.
The top three apartment and villa transfers were a 410 million AED apartment in Island 2, a 220 million AED apartment in Business Bay, and a 125 million AED unit in Palm Jumeirah.
The total value of mortgaged properties for the week was AED 1.68 billion, with land in Al Barsha South Fourth receiving the highest mortgage amount of AED 324 million. While this was going on, 74 properties totaling AED 665 million were distributed among first-degree relatives.