WORLD NEWS | Dubai records AED12.5 billion in one-week real estate deals

dubai [UAE]June 17 (ANI/WAM): There were 3,625 real estate transactions worth AED12.5 billion in the week ending June 16, 2023, according to Dubai Land Department.

A total of 189 plots were sold for AED 2.28 billion, and 2,753 apartments and villas were sold for AED 7.01 billion.

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The top three deals were land at Palm Jumeirah for AED 167.88 million, followed by land in Business Bay for AED 136 million and land in Al Thanyah First for AED 125 million sold for dirhams.

Al Hebiah Fifth had the most transactions this week with 34 transactions worth AED 88.58 million, followed by Wadi Al Safa 3 with 24 transactions worth 28 million dirhams.

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The top three places for apartment and villa transfers were an apartment in Island 2 sold for AED 112 million, an apartment in Palm Jumeirah for AED 86 million and third An apartment in Marsa sold for Dh80m in Dubai.

The total amount of mortgaged properties this week was AED 2.88 billion, the highest of which was land in Al Wasl with an amount of AED 761 million.

A total of 114 properties worth Dh415 million were awarded between first-degree relatives. (ANI/WAM)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)