Dubai’s weeklong real estate transactions total AED5.3 billion

A total 2,012 real estate transactions worth 5.3 billion in total were conducted in Dubai during the week ending 8th April, 2022.

According to figures released by the Dubai Land Department, 236 plots were sold for AED 1.07 billion, 1,415 apartments and villas were sold for AED 2.96 billion.

The top three transactions were a land in Hadaeq Sheikh Mohammed Bin Rashid sold for AED 74.96 million, followed by a land that was sold for AED 22.5 million in Al Merkadh, and a land sold for AED 19 million in Al Satwa in third place.

Al Hebiah Fifth recorded the most transactions for this week by 119 sales transactions worth AED 267.82 million, followed by Al Merkadh with 40 sales transactions worth AED 394.02 million, and Wadi Al Safa 5 with 15 sales transactions worth AED 75 million in third place.

The sum of the amount of mortgaged properties for the week was 1.05 billion.

53 properties were granted between first-degree relatives worth AED 269 million.