Real Estate Transaction Weekly Report – June 16, 2023

Real Estate Transaction Weekly Report - June 16, 2023

This week the market witnessed an impressive increase in property sales and transactions, with a total value of AED 12.5 billion. Notable transactions include the sale of 189 plots for AED 2.28 billion and 2,753 apartments and villas sold for AED 7.01 billion, making it an excellent time to invest in Dubai’s booming real estate market.

Al Hebiah Fifth topped the list with 34 sales worth AED 88.58 million, followed by Wadi Al Safa 3 with 24 sales valued at AED 548.44 million. In third place, Madinat Hind 4 had 24 sales worth AED 28 million. The top three apartment and villa transfers were an apartment sold for AED 112 million in Island 2, another sold for AED 86 million in Palm Jumeirah, and an apartment sold for AED 80 million in Marsa Dubai.

In addition to this, there were mortgaged properties worth a sum of 2.88 billion, with the highest being a land in Al Wasl mortgaged for AED 761 million. Furthermore, 114 properties were granted between first-degree relatives, amounting to AED 415 million.

Stay updated with the latest real estate news and market insights by visiting our website. Invest wisely and prosper with Dubai’s thriving property market.


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