Dubai’s realty deals hit Dhs23.38b

The real estate and properties transactions valued at Dhs23.38 billion in total during the week ending 27 October 2023. The sum of transactions was 1,761. 265 plots were sold for Dhs2.84 billion, 1,496 apartments and villas were sold for Dhs3.71 billion.

The top three transactions were a land in Al Yufrah 1 sold for Dhs74.78 million, followed by a land that was sold for Dhs64.88 million in Al Hebiah Fourth, and a land sold for Dhs61.92 million in Al Goze Second in third place.

Al Hebiah Fifth recorded the most transactions for this week by 56 sales transactions worth Dhs277.95 million, followed by Madinat Hind 4 with 51 sales transactions worth Dhs101.23 million, and Palm Jabal Ali with 38 sales transactions worth Dhs894.06 million in third place.

The top three transfers for apartments and villas were a building was sold for Dhs133.61 million in Marsa Dubai, an apartment was second in the list sold for Dhs63.92 million in Palm Jumeirah, and thirdly it was an apartment sold for Dhs53.7 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was Dhs16.26 billion, with the highest being a land in Jabal Ali Industrial First, mortgaged for Dhs13.79 billion.

A total of 1,524 real estate and properties transactions valued at Dhs8.2 billion were conducted during the week ending 20 October 2023, according to the Dubai Land Department (DLD).

The DLD weekly report said that 232 plots were sold for Dhs2.57 billion, 1,292 apartments and villas were sold for Dhs3.08 billion.

The top three transactions were a land in Al Hebiah Fourth sold for Dhs65.13 million, followed by a land that was sold for Dhs56.67 million in Al Thanayah Fourth, and a land sold for Dhs51 million in Al Yufrah 4 in third place.

Palm Jabal Ali recorded the most transactions for this week by 51 sales transactions worth Dhs1.19 billion, followed by Al Hebiah Fifth with 24 sales transactions worth Dhs91.65 million, and Madinat Hind 4 with 21 sales transactions worth Dhs29.28 million in third place.

The top three transfers for apartments and villas were a was sold for Dhs132 million in Business Bay, a was second in the list sold for Dhs80 million in Rega Al Buteen, and thirdly it was a sold for Dhs70.1 million in Mankhool.