Dubai records over Dhs12.7 billion in realty deals

A total of 2,329 real estate transactions worth over Dhs12.7 billion were conducted during the week ending 15th September, 2023, according to figures released by the Dubai Land Department (DLD).

The DLD report showed that 549 plots were sold for Dhs4.25 billion, while 1,780 apartments and villas were purchased for Dhs3.94 billion.

The top three transactions were a plot in Marsa Dubai sold for Dhs622.91 million, a plot sold for Dhs180 million in Business Bay, and another sold for Dhs150 million in Marsa Dubai.

Al Hebiah Fifth recorded the most sales transactions for this week with 123 transactions worth Dhs527.18 million, followed by Madinat Al Mataar with 113 transactions worth Dhs542.17 million, and Madinat Hind 4 with 111 transactions worth Dhs161.9 million.

The top three apartment and villa transfers included an Dhs88 million apartment sold in Al Barsha First, another apartment sold for Dhs75 million in Palm Jumeirah, and a third in Al Thanayah Fourth sold for Dhs 64.5. The total value of mortgaged properties for the week reached Dhs3.88 billion. Meanwhile, 165 properties were granted between first-degree relatives worth Dhs670 million.

The real estate and properties transactions valued at Dhs24.7 billion in total during the week ending 01 September 2023. The sum of transactions was 3,223.

 Over 235 plots were sold for Dhs1.82 billion, 2,302 apartments and villas were sold for Dhs4.87 billion.

 The top three transactions were a land in Al Thanayah Fourth sold for Dhs209 million, followed by a land that was sold for Dhs135.56 million in Al Barshaa South Third, and a land sold for Dhs104.03 million in Al Barshaa South Third in third place.

Al Hebiah Fifth recorded the most transactions for this week by 73 sales transactions worth Dhs310.15 million, followed by Madinat Al Mataar with 38 sales transactions worth Dhs135.97 million, and Madinat Hind 4 with 38 sales transactions worth Dhs55.38 million in third place.