Dubai saw a total of 2,790 real estate transactions worth $2.6bn (AED9.6bn) during the week ending December 30, 2022, according to figures released by the Land Department (DLD).
The DLD report showed that 179 plots were sold for $379m (AED1.39bn), while 2,071 apartments and villas were purchased for $1.5bn (AED5.64bn).
The top three transactions were land in Marsa Dubai sold for $63m (AED229.71m), followed by land sold for $48m (AED175m) in Jebel Ali Industrial Area 1, and land sold for $26m (AED95m) in Palm Jumeirah.
Dubai property sales
Al Hebiah Fifth recorded the most transactions for this week with 95 sales transactions worth $65m (AED237.14m), followed by Jabal Ali First with 24 sales transactions worth $21.6m (AED79.4m), and Al Yufrah 2 with 10 sales transactions worth $3.3m (AED12m).
The top three transfers for apartments and villas were an apartment sold for $92m (AED336m) in Trade Centre, Second an apartment sold for $36m (AED133m) in Island 2, and thirdly an apartment sold for $35m (AED127m) in Island 2.
The sum of mortgaged properties for the week stood at around $544m (AED2bn), with the highest being a land in Jumeirah First, mortgaged for $139m (AED511.5m).
Meanwhile, 94 properties were granted between first-degree relatives worth $147m (AED538m).
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