On the first working Friday of 2022, transactions worth 689 million dollars were registered in Dubai

The value of real estate transactions in Dubai on the first working Friday after the adoption of the new weekly work system exceeded 2.53 billion dirhams (227 transactions). The total value of real estate transactions registered in the first week of the new year exceeded 7.24 billion dirhams (1766 transactions).

Data from the Dubai Land Department (DLD) showed that on the first working Friday, 173 purchase and sale transactions were made in the amount of 2.38 billion dirhams, 12 of which were land plots in the amount of 451.16 million dirhams, and 161 related to apartments and villas in the amount of 1.93 billion dirhams.

TOP-3 areas where the largest number of land sales were made on Friday included Marsa Dubai, where land plots were sold for 369 million dirhams, followed by Al Thanya Fifth, where a plot of land was sold for 28 million dirhams, and Palm Jumeirah, where land was sold for 17 million dirhams.

The total value of mortgage transactions concluded on Friday amounted to 125.03 million dirhams, including nine mortgage transactions for land worth 47.88 dirhams and 40 mortgage transactions for villas and apartments worth 77.15 dirhams UAE. The largest mortgage transaction was registered in Al Thannyah Fourth in the amount of 37 million dirhams UAE, followed by a mortgage transaction in Nad Al Sheba Third in the amount of 11 million dirhams UAE.