According to data provided by the Dubai Land Department (DLD), in the week ending February 3, 2023, 2,157 real estate transactions totaling more than 9 billion dirhams of the UAE were made.
237 plots were sold for 1.56 billion dirhams of the UAE, and a total of 1,920 apartments and villas worth 5.77 billion dirhams of the UAE were also reported for sale.
Land in Al Wasl, sold for 147.5 million dirhams UAE, tops the list of deals, followed by land in Island 2, sold for 112 million dirhams UAE, and land in Mohammad bin Rashid Gardens, sold for 54 million dirhams UAE.
Raoin Al Jufrah 1 took second place with 28 sales worth 163.27 million dirhams UAE, and Al Hebiah Fourth took third place with 14 sales worth 149 million dirhams UAE. Al Habib Fifth district conducted the most transactions this week - 108 sales worth 383.71 million dirhams of the UAE.
The top three deals for the sale of apartments and villas included an apartment for 410 million dirhams UAE in Island 2, an apartment for 220 million dirhams UAE in Business Bay and an apartment for 125 million dirhams UAE in Palm Jumeirah.
The total value of mortgaged real estate for the week amounted to 1.68 billion dirhams of the UAE, while the land in Al Barsha South Fourth received the highest mortgage amount of 324 million dirhams of the UAE. While this was going on, 74 properties totaling 665 million dirhams of the UAE were distributed among relatives of the first degree.