A total of 2,703 real estate transactions worth AED8bn were conducted during the week ending October 21, 2022, according to figures released by the Dubai Land Department (DLD).
147 plots were sold for AED1.12bn, and 2,023 apartments and villas were purchased for AED4.79bn, WAM reported.
The top transactions were a land Fourth sold for AED85m in Al Thanayah, and another sold for AED63m in Island 2.
Jebel Ali leads Dubai real estate deals this week
Jebel Ali First recorded the most transactions for this week with 48 sales transactions worth AED151.59m, followed by Hadaeq Sheikh Mohammed Bin Rashid with 18 sales transactions worth AED421.33m, and Al Yufrah 2 with 11 sales transactions worth AED13m.
The top three transfers for apartments and villas included one sold for AED955m in Palm Jumeirah, another purchased for AED671m in Marsa Dubai, and a third sold for AED537m in Business Bay.
The sum of the total of mortgaged properties for the week was AED1.72bn, with the highest being a land in Palm Jumeirah, mortgaged for AED416m.
Meanwhile, 107 properties were granted between first-degree relatives worth AED387m.
Dubai’s real estate market recorded over AED2.2 billion in transactions on Wednesday alone.
There were 479 sales transactions worth AED1.65 billion, WAM reported, in addition to 82 mortgage deals of AED406.61 million, and 37 gifts deals amounting to AED137.63 million on Wednesday, data released by Dubai Land Department (DLD) showed.
Sales included 437 villas and apartments worth AED1.44 billion, and 42 land plots worth AED210.44 million.
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