Dubai’s realty and properties transactions valued at Dhs11.6b

The real estate and properties transactions valued at Dhs11.6 billion in total during the week ending 14 April 2023. The sum of transactions was 2,709.

 226 plots were sold for Dhs5.76 billion, 2,020 apartments and villas were sold for Dhs4.43 billion.

 The top three transactions were a land in Al Barsha South Fourth sold for Dhs91 million, followed by a land that was sold for Dhs42.86 million in Al Barshaa South Third, and a land sold for Dhs91 million in Al Barsha South Fourth in third place.

Al Hebiah Fifth recorded the most transactions for this week by 74 sales transactions worth Dhs198.41 million, followed by MADINAT HIND 4 with 34 sales transactions worth Dhs44.36 million, and Al Hebiah Fourth with 27 sales transactions worth Dhs251 million in third place.

 The top three transfers for apartments and villas were a was sold for Dhs76 million in Palm Jumeirah, an apartment was second in the list sold for Dhs58 million in Palm Jumeirah, and thirdly it was a sold for Dhs50 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was Dhs1.31 billion, with the highest being a land in Al Thanayah Fourth, mortgaged for Dhs84 million.

68 properties were granted between first-degree relatives worth Dhs144 million.

Meanwhile, Dubai’s real estate market recorded 335 sales transactions worth Dhs916.36 million on Friday, in addition to 61 mortgage deals totalling Dhs214.37 million, and 4 gift deals amounting to Dhs11.56 million, data released by Dubai’s Land Department (DLD) showed.

The sales included 289 villas and apartments worth Dhs713.65 million, and 46 land plots worth Dhs202.71 million.

The mortgages included 50 villas and apartments worth Dhs96.77 million and 11 land plots valued at Dhs117.6 million, bringing the total realty transactions of today to over Dhs1.1 billion.

Dubai real estate market recorded 443 sales transactions worth Dhs1.03 billion, in addition to 75 mortgage deals of Dhs296.21 million, and 10 gift deals amounting to Dhs26.07 million on Thursday, data released by Dubai’s Land Department (DLD) showed.

The sales included 388 villas and apartments worth Dhs791.15 billion, and 55 land plots worth Dhs236.4 million.

The mortgages included 76 villas and apartments worth Dhs867.94 million and 12 land plots valued at AED89.08 million, bringing the total realty transactions of today to over Dhs2.7 billion.

A total of 2,793 real estate and properties transactions valued at Dhs10.4 billion were conducted during the week ending 7th April 2023, according to data released by Dubai’s Land Department (DLD). The DLD weekly report noted that 222 plots were sold for Dhs1.8 billion, 2,086 apartments and villas were sold for Dhs4.56 billion.

The top three transactions were a land in Business Bay sold for Dhs456.25 million, followed by a land that was sold for Dhs150 million in Al Thanayah Fourth, and a land sold for Dhs456.25 million in Business Bay in third place.

Al Hebiah Fifth recorded the most transactions for this week by 93 sales transactions worth Dhs246.61 million, followed by MADINAT HIND 4 with 33 sales transactions worth Dhs43.22 million, and Al Hebiah Fourth with 30 sales transactions worth Dhs261 million in third place.

The top three transfers for apartments and villas were a was sold for Dhs170 million in Wadi Al Safa 3, an apartment was second in the list sold for Dhs137 million in Island 2, and thirdly it was an apartment sold for Dhs130 million in Island 2.

The sum of the amount of mortgaged properties for the week was 3.96 billion, with the highest being a land in Mirdif, mortgaged for Dhs1 billion. 76 properties were granted between first-degree relatives worth Dhs138 million.

Meanwhile, Dubai Aviation City Corporation (DACC) has announced that in 2022 it witnessed an 86 percent decrease in workplace injury frequency rate and the safety culture in Dubai South is improved year by year.

The Dubai Land Department (DLD) has recently announced that it will sponsor the 20th edition of the Dubai International Property Show (IPS 2024), which aims to bring together real estate and property development experts, specialists, and industry leaders at the Dubai World Trade Centre from 27 to 29 February 2024.

The IPS 2024 provides a unique platform where local and global real estate projects and solutions can be showcased, and enables real estate professionals and experts to share experiences and discuss the most promising investment opportunities offered by the real estate sector, which ultimately aims to further strengthen the real estate industry as one of the pillars of the national economy.

The DLD has emphasised its indefatigable commitment to boost the confidence of real estate investors, stakeholders, and agents in the UAE’s real estate sector. Part of this commitment is sponsoring and participating in the IPS, which has gained strong interest from global participants throughout its previous editions, as demonstrated by the participation of over 120 real estate exhibitors from more than 40 countries in its last edition.