AED4.5 billion worth of real estate and property transactions took place in the week ending 14 January 2022. A total of 1559 transactions were completed.
There were 219 plots sold for AED 1.12 billion, and 1,022 apartments and villas were sold for AED 2.25 billion.
The Dubai Land Department (DLD) reported that the top three transactions were a land sale for AED75 million in Island 2, a land sale for AED75 million in Island 2, and a land sale for AED75 million in Island 2.
Jabal Ali First recorded 99 sales transactions worth AED 227.19 million this week, followed by Al Hebiah Fifth with 44 sales transactions worth AED 97.93 million, and Wadi Al Safa 5 with 8 sales transactions worth AED 37 million in third place.
The top three transfers for apartments and villas included an apartment sold for AED380 million in Marsa Dubai, an apartment sold for AED271 million in Business Bay, and an apartment sold for AED186 million in Burj Khalifa.
Total mortgaged properties for the week were AED958.64 million, with the highest being land in Wadi Al Safa 3, mortgaged for AED199 million.
A total of 48 properties were granted between first-degree relatives worth AED221 million.