Weekly transactions in the Dubai real estate market exceeded 11.3 billion dirhams

According to data provided by Dubai Land Department, 2,217 real estate transactions worth 7 billion dirhams were completed in the week ending October 28, 2022.

A total of 234 plots were sold for 2.26 billion dirhams, while 4.74 billion dirhams were spent on 1,983 apartments and villas.

97 properties totaling 2.25 billion dirhams were provided to relatives of the first degree, while the total value of mortgaged real estate for the week amounted to 2.23 billion dirhams.

The three largest land transactions included the sale of land in Palm Jumeirah for 300 million dirhams, the sale of land in Island 2 for 130 million dirhams and the sale of land in World Islands for 86 million dirhams. With 105 sales transactions totaling 353 million dirhams, the largest number of transactions this week were made in Jebel Ali, followed by Mohammed bin Rashid Gardens with 29 sales transactions totaling 634 million dirhams and Al Mamzar with 23 sales transactions totaling 166 million dirhams.