According to data issued by the Dubai Land Department, 3,186 real estate transactions of over AED 9.1 billion were made for the week ending December 9th, 2022 (DLD).
The DLD data showed that 2,233 flats and villas were bought for AED 4.64 billion, while 419 plots were sold for AED 2.24 billion.
The top three deals were the sale of land in Marsa Dubai for AED 265.69 million, land in the World Islands for AED 64.16 million, and land in Palm Deira for AED 38 million.
With 200 sales transactions totaling AED 621.52 million, Al Hebiah Fifth had the most transactions this week, followed by Jabal Ali First with 79 transactions totaling AED 255.32 million and Al Yufrah 2 with 25 transactions totaling AED 32 million.
An apartment worth AED 54 million, a villa worth AED 50 million, and an apartment worth AED 37 million were the top three transfers for apartments and villas, and they were all in Jumeirah Second.
The total value of mortgaged properties for the week came to AED 1.75 billion, with land in Me’Aisem First receiving the highest mortgage amount of AED 360 million. In the meantime, 129 properties totaling AED 500 million were distributed among first-degree relatives.
