The Dubai real estate sector saw transactions worth AED11.4bn ($3.1bn) this week, according to Land Department data.
According to official figures there were 2,421 sales transactions in the week ending November 17.
Dubai Land Department Data recorded 2,421 sales transactions worth AED9.32bn ($2.5bn) in the week, with 492 plots sold for AED4.78bn ($1.3bn) and 1,929 apartments and villas purchased for AED4.54bn($1.2bn).
Dubai real estate this week
The top three transactions for land were, a plot in Mohammed Bin Rashid Gardens sold for AED201.82m ($55m) and two plots sold in Wadi Al Safa 3 for AED142m ($38.7m) and AED132.95m ($36.2m) respectively.
Me’aisem Second recorded the most sales transactions for the week, with 101 transactions worth AED1.04bn ($283.2m). It was followed by Wadi Al Safa 2 with 80 transactions worth AED82.24m ($22.3m) and Palm Jebel Ali with 79 transactions worth AED1.99bn ($542m).
The top three apartment and villa transfers included:
- A home in Island 2 for AED143.5m ($39.1m)
- A home in Business Bay sold for AED50.7m ($13.8m)
- An apartment in Me’aisem First sold for AED38m ($10.3m)
The total value of mortgaged properties for the week reached AED1.41bn ($384m).
Meanwhile, 143 properties were granted between first-degree relatives worth AED706.72m ($192.4m).
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