According to data provided by the Dubai Land Department, 2,704 real estate transactions totaling more than AED 13 billion were made during the week ending January 20, 2023. (DLD).
According to the DLD data, 1,944 apartments and villas were bought for AED 4.39 billion, and 235 plots were sold for AED 1.13 billion.
The top three deals involved a land sale in Al Thanyah Fifth for AED 77.23 million, a land sale in Al Hebiah Fifth for AED 25.12 million, and a land sale in Warsan Fourth for AED 25 million.
With 134 sales worth AED 451.18 million, Al Hebiah Fifth had the most transactions this week, followed by Al Jadaf with 26 transactions totaling AED 134.83 million and Jabal Ali First with 14 transactions totaling AED 49 million.
The top three transfers of apartments and villas were an apartment in Al Wasl for AED 73 million, a villa in Island 2 for AED 73 million, and an apartment in Wadi Al Safa 5 for AED 135 million.
For the week, the value of mortgaged real estate totaled AED 7.01 billion. In the meantime, 104 homes totaling AED 1 billion were distributed among first-degree relatives.