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Dubai's weeklong real estate transactions exceed Dh14.2bn

Dubai's weeklong real estate transactions exceed Dh14.2bn
26 Jan 2024 21:07

DUBAI (WAM)

A total of 4,123 real estate transactions worth over Dh14.2 billion were conducted during the week ending 26th January, 2024, according to figures released by the Dubai Land Department (DLD).

The DLD report showed that 312 plots were sold for Dh2.95 billion, while 2,696 apartments and villas were purchased for Dh5.84 billion.

The top three transactions were a land in Al Barshaa South Second sold for Dh210.1 million, a land sold for Dh103.74 million in Saih Shuaib 2, and another in Saih Aldahal sold for Dh100 million.

Madinat Hind 4 recorded the most sales transactions for this week with 133 transactions worth Dh338.03 million, followed by Al Hebiah Fifth with 49 transactions worth Dh168.94 million, and Al Hebiah Fourth with 20 transactions worth Dh500.12 million.

The top three apartment and villa transfers included one in Nad Al Shiba First for Dh177.13 million, another in Palm Jumeirah worth Dh78.63 million, and an apartment in Palm Jumeirah worth Dh44 million.

The total value of mortgaged properties for the week reached Dh4.6 billion. Meanwhile, 195 properties were granted between first-degree relatives worth Dh850 million.

Source: WAM
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