According to data from the Dubai Land Department, 2,593 transactions of AED7.4 billion were made in Dubai’s real estate and property market during the week ending September 2, 2022.
According to the figures, 1,720 flats and villas were sold for AED3.55 billion, while 320 plots went for AED1.75 billion.
The top three deals involved the sale of land in Saih Shuaib 3 for AED168 million, Island 2 for AED115 million, and Saih Shuaib 4 for AED78 million.
With 107 sales transactions totaling AED329.68 million, Al Hebiah Fifth had the most transactions this week, followed by Jabal Ali First with 60 transactions totaling AED193.85 million and Nad Al Shiba First with 41 deals totaling AED205 million in third place.
The top three sales of flats and villas were an apartment in Marsa Dubai that went for AED776 million, an apartment in Business Bay that went for AED367 million, and an apartment in the Burj Khalifa that went for AED303 million.
The total value of mortgaged properties for the week was AED1.24 billion, with an apartment in Business Bay receiving the highest mortgage amount of AED198 million.
Additionally, 111 properties valued AED 944 million were distributed among first-degree relatives.