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According to the latest Dubai Land Department data released on Friday, Palm Jumeirah continues to be the preferred destination in Dubai for super-rich real estate investors.
According to statistics, the artificial island of Dubai continues to be the preferred place for the sale of individual plots, as well as apartments and villas in the emirate. The two largest land deals in Dubai last week, both in Palm Jumeirah, cost 130 million dirhams each, followed by a third deal of 68 million dirhams.
The three largest transfers of apartments and villas included the sale of real estate in Palm Jumeirah for 145 million dirhams, followed by sales of apartments for 81 million dirhams and 62 million dirhams.
In the week ending November 18, 2022, real estate transactions worth 8.7 billion dirhams were made in Dubai. 2,233 houses and villas were sold for 5.04 billion dirhams, while 3,011 plots with a total value of 230 were sold for 1.7 billion dirhams.
This week, Al Hebiah Fifth registered the largest number of transactions with 68 purchases worth 194.43 million dirhams. Jabal Ali First took second place with 43 sales worth 147.72 million dirhams, and Nad Al Shiba First took third place with 21 sales worth 153 million dirhams.
The total value of the mortgaged property for the week amounted to 1.39 billion dirhams.
