Over AED10.4 billion in real estate and property transactions were made for the week ending August 18, 2023. 3,571 transactions were made in total. 2,782 flats and villas were sold for AED6.86 billion, while 120 plots went for AED1.2 billion.
The top three deals involved the sale of land in Al Barshaa South Third for AED140 million, a property in Palm Jumeirah for AED106 million, and land in Al Hebiah Fourth for AED91 million.
Madinat Hind 4 recorded the most sales for the week with 21 transactions totaling AED28.86 million. Al Hebiah Fifth came in second with 20 deals totaling AED51.65 million, and Jabal Ali First came in third with 13 transactions totaling AED80 million.
The top three transfers for apartments and villas were an apartment in Palm Jumeirah that went for AED112 million, an apartment in Zaabeel First that went for AED59 million, and an apartment in the Burj Khalifa that went for AED57 million.
The total value of mortgaged properties for the week came to $1.99 billion, with land in Business Bay receiving the highest mortgage of AED350 million.
AED438 million worth of 109 properties were distributed to first-degree relatives.