$1.85 billion in one-week property deals in Dubai
DUBAI- Property and real estate transactions valued at AED6.8 billion in total during the week ending March 25, 2022, according to the Dubai Land Department (DLD).
The DLD’s weekly real estate report indicates that the sum of transactions was 2,461.
330 plots were sold for AED 1.65 billion, 1,653 apartments and villas were sold for AED 3.42 billion.
The main transactions were land in Nadd Hessa sold for AED 189.65 million, followed by land which was sold for AED 90.07 million in Palm Jumeirah.
Al Hebiah Fifth recorded the most deals this week with 164 sell deals worth AED335.52 million, followed by Al Merkadh with 43 sell deals worth AED324.36 million AED and Wadi Al Safa 5 with 26 sales transactions worth AED 113 million in third place.
The top three apartment and villa transfers were an apartment sold for AED459 million in Marsa Dubai, an apartment sold for AED444 million in Burj Khalifa and an apartment sold for AED278 million in Business Bay.
The sum of the amount of mortgaged properties for the week was AED 1.54 billion, the highest being land at Al Qusais First, mortgaged for AED 320 million.
124 properties were granted between first degree relatives worth AED 210 million.