During the week ending on 09 June 2023, the real estate and property transactions in Dubai were valued at a whopping AED 9 billion, with a total of 3,397 transactions recorded. Among these, 204 plots were sold for AED 1.52 billion, and 2,562 apartments and villas were sold for AED 5.69 billion.
The top three transactions that took place were the sale of a land in Wadi Al Safa 3 for AED 90.04 million, followed by another land that was sold for AED 81.5 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for AED 78.18 million in Wadi Al Safa 3 ranked third. It’s clear that the real estate market in Dubai is thriving and attracting significant investments.
This week, Al Hebiah Fifth has taken the lead in terms of transaction numbers, with a whopping 31 sales worth AED 96.17 million. Following closely behind is Wadi Al Safa 3, which recorded 28 sales transactions worth AED 467.65 million. Madinat Hind 4 secured the third spot with 25 sales transactions worth AED 32 million.
When it comes to transfers for apartments and villas, the most expensive sale was a property in Al Thanayah Fourth, which was sold for AED 80 million. Second on the list was a property in Palm Jumeirah that was sold for AED 55 million, while third place went to an apartment in Zaabeel First that was sold for AED 52 million.
This week’s mortgaged properties totaled AED 1.52 billion, with the highest being a land in Nadd Hessa, which was mortgaged for AED 122 million. Furthermore, there were 134 properties granted between first-degree relatives, amounting to AED 340 million.