In one week, more than 2,200 apartments and villas worth $1.3 billion were sold in Dubai

According to the Dubai Land Department (DLD), by the end of the week, the volume of transactions in the Dubai real estate market reached 9.1 billion UAE dirhams (2.5 billion US dollars).

During the week ending December 9, 2022, at least 2,233 apartments and villas were sold for a total of 4.64 billion dirhams of the UAE.

In addition, at least 419 plots were sold for a total of 2.24 billion dirhams of the UAE. The biggest deal of the week was the sale of land in Marsa Dubai for 265.69 million dirhams.

The plot was purchased for 64.16 million dirhams in the World Islands area, which was another high-profile deal.

The total value of the mortgaged property for the week amounted to 1.75 billion dirhams.