Dubai’s realty deals hit over Dhs9.2b

A total of 2,882 real estate transactions worth over Dhs9.2 billion were conducted during the week ending 16th December, 2022, according to figures released by the Dubai Land Department (DLD).

The DLD report revealed that 199 plots were sold for Dhs1.33 billion, while 2,011 apartments and villas were purchased for Dhs4.61 billion.

The top three transactions were a land in Palm Deira sold for Dhs47.38 million, followed by a land that was sold for Dhs40 million in Me’Aisem First, and a land sold for Dhs47.38 million in Palm Deira. Al Hebiah Fifth recorded the most transactions for this week with 92 sales transactions worth Dhs244.61 million, followed by Jabal Ali First with 21 transactions worth Dhs147.11 million, and Al Hebiah Fourth with 15 transactions worth Dhs290 million.

The top three transfers for apartments and villas were an Dhs80 million apartment, an Dhs61 million apartment, and an Dhs59 million apartment all located in Palm Jumeirah.

The value of mortgaged properties for the week landed at Dhs2 billion, with the highest being a land in Al Qusais Industrial First, mortgaged for Dhs693 million. Meanwhile,157 properties were granted between first-degree relatives worth Dhs1 billion.

Dubai real estate market recorded 429 sales transactions worth Dhs1.14 billion, in addition to 81 mortgage deals of Dhs270.25 million, and 16 gift deals amounting to Dhs44.84 million on last Monday, data released by the Dubai’s Land Department (DLD) showed.

The sales included 345 villas and apartments worth Dhs708.45 million, and 84 land plots worth Dhs433.24 million, while mortgages included 65 villas and apartments worth Dhs144.45 million and 16 land plots valued at Dhs125.79 million, bringing the total realty transactions of today to over Dhs1.4 billion.

A total of 1,600 real estate transactions worth over Dhs4.8 billion were conducted during the week ending 30th November, 2022, according to figures released by the Dubai Land Department (DLD).