Dubai Real Estate Transactions and Property Values: Weekly Recap

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: Weekly Recap

Last  week’s recap of Dubai’s real estate market, Wadi Al Safa 2 emerged as the clear leader with an impressive 130 sales transactions totaling AED 69.37 million. Following closely behind was Saih Shuaib 1, securing 43 sales transactions valued at AED 77.09 million. Palm Jebel Ali secured its position in third place with 40 sales transactions amounting to AED 980.48 million.

When it comes to apartments and villas, the top three transfers were extraordinary. Palm Jumeirah achieved the highest sale, with a property changing hands for an awe-inspiring AED 40.5 million. Close behind was an apartment in Palm Jumeirah, fetching an impressive AED 34.5 million and securing second place. Lastly, Al Merkadh saw a property sell for an impressive AED 33 million, securing third place in this prestigious ranking.

The total value of mortgaged properties for the week reached a staggering AED 2.97 billion. The highest mortgage amount was observed in Al Thanyah 5, where a valuable piece of land was mortgaged for an astounding AED 866.27 million.

 

In addition to the sales transactions and mortgages, a noteworthy number of properties, totaling 139, were granted to first-degree relatives. The total value of these grants amounted to an impressive AED 507 million.

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