The volume of property transactions in Dubai reached AED 6.3 billion in a week

The volume of property transactions in Dubai reached AED 6.3 billion in a week

According to the Dubai Land Department (DLD), there were approximately 2,145 real property transactions in Dubai for a total of AED 6.3 billion for the week ended April 22, 2022.

On Friday, the Department revealed a statement that 225 land plots were sold for AED 1.12 billion, 1,436 apartments and villas were sold for AED 3.2 billion.

The largest land deal was the sale of a plot for AED 96 million in the Hadaeq Sheikh Mohammed bin Rashid community. The second largest deal in this category was the sale of land for AED 52.5 million on the Palm Jumeirah.

The highest number, 114 transactions worth AED 254.57 million, were registered in the Al Hebiah Fifth community this week. It is followed by Jabal Ali First with 33 deals worth AED 143.55 million and Wadi Al Safa 5 with 11 sales worth AED 49 million.

The top-3 among leaders in sales included an apartment in Marsa Dubai purchased for AED 463 million, another apartment in Burj Khalifa bought for AED 354 million, and an apartment in the Palm Jumeirah sold for AED 284 million.

The total amount of mortgaged real estate reached AED 1.74 billion for the week. At the same time, the most expensive unit in this category was the land plot in Nadd Al Shiba Third. Its estimated value was AED 400 million.

Share
Subscribe to newsletter
Subscribe