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A total of 2,882 real estate transactions worth more than AED9.2 billion (US$2.5 billion) took place in Dubai in the week ending December 16, 2022, according to data released by the Dubai Land Department (DLD).
WAM reported that DLD reported that 199 plots were sold for AED 1.33 billion, while 2,011 apartments and villas were bought for AED 4.61 billion.
The first three transactions were a piece of land in Palm Deira for AED 47.38 million, followed by a piece of land in Me’Aisem First for AED 40 million and finally Palm Deira A piece of land sold for Dh47.38 million.
Al Hebiah Fifth had the most deals this week with 92 deals worth AED 244.61 million, followed by Jabal Ali First with 21 deals worth AED 147.11 million and Al Hebiah Fourth with 15 deals worth AED 290 million Dirham.
transfer top three
The top three for apartment and villa transfers were AED 80 million, AED 61 million and AED 59 million, all in Palm Jumeirah.
The value of mortgaged properties this week was AED 2 billion, the highest being a piece of land in Al Qusais Industrial First at AED 693 million. Meanwhile, 157 properties were awarded between first-degree relatives worth Dh1 billion. — trade arab news agency
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