Weekly real estate transactions in Dubai amounted to 10.4 billion dirhams

During the week ending February 17, 2023, a total of 2,702 real estate transactions were made in the amount of 10.4 dirhams.

For a total of 1.42 billion dirhams and 4.63 billion dirhams, respectively, 221 plots and 1,866 houses were sold.

Land in Business Bay, which was sold for 150 million dirhams UAE, took first place, followed by real estate there, which was sold for 75 million dirhams UAE, and land there, which was sold for 150 million dirhams UAE, took third place.

Al Habib Fifth district took over with 126 purchase and sale transactions totaling 439.75 million dirhams of the UAE. Al Hebiah Fourth took second place with 20 sales transactions totaling 212.66 million dirhams UAE, and Jabal Ali First took third place with 10 sales transactions totaling 28 million dirhams UAE.

The top three best-selling apartments and villas included an apartment in Island 2, which was sold for 160 million dirhams UAE, an apartment in Marsa Dubai, which was sold for 155 million dirhams UAE, and an apartment in Al Barshaa South Third, which was sold for 123 million dirhams UAE.

The total value of the mortgaged property for the week was $ 3.55 billion, and the land in Al Warsan First received the highest mortgage in the amount of 1 billion dirhams of the UAE for the first time.

252 properties worth 811 million dirhams of the UAE were distributed to relatives of the first degree.