Weekly Recap of Dubai Real Estate Transactions and Property Values for the Week Ending October 21th, 2023

Weekly Recap of Dubai Real Estate Transactions and Property Values for the Week Ending October 21, 2023

In the week ending October 21, 2023, Dubai witnessed a substantial surge in real estate and property transactions, accumulating an impressive total value of 8.2 billion dirhams. Throughout this period, a remarkable 1,524 transactions took place, encompassing diverse property types.

The transactions included 232 plots that were successfully sold, generating a staggering sum of 2.57 billion dirhams. Equally significant were the 1,292 apartments and villas that changed ownership, accounting for a combined value of 3.08 billion dirhams.

The week’s notable transactions showcased the demand for land investments in Dubai. Leading the pack was a land in Al Hebiah Fourth, which fetched an impressive 65.13 million dirhams. Close behind was another land in Al Thanayah Fourth, securing a substantial amount of 56.67 million dirhams. In third place, land in Al Yufrah 4 commanded a respectable price of 51 million dirhams.


Palm Jabal Ali emerged as the most sought-after area for real estate transactions, boasting 51 sales transactions amounting to a substantial 1.19 billion dirhams. Following closely was Al Hebiah Fifth, with 24 sales transactions worth 91.65 million dirhams. Additionally, Madinat Hind 4 witnessed 21 sales transactions with a total value of 29.28 million dirhams.

The top three transfers for apartments and villas were equally noteworthy. A property in Business Bay claimed the lead, commanding an impressive price of 132 million dirhams. Not far behind, a property in Rega Al Buteen fetched a handsome 80 million dirhams, while a property in Mankhool sold for a noteworthy sum of 70.1 million dirhams.


During this week, mortgaged properties contributed significantly to the real estate market, with a total value of 2.03 billion dirhams. The most outstanding mortgage amount was recorded for a land in Business Bay, securing a substantial loan of 788.28 million dirhams.

Furthermore, in a separate category, 133 properties were granted to first-degree relatives, with a cumulative value of 563 million dirhams, illustrating the familial dynamics of property acquisition in Dubai.


Overall, the week’s real estate transactions in Dubai reflected a vibrant market, with notable transactions across various property types and areas, underlining the emirate’s continued appeal to investors and property enthusiasts alike.


Leave a Reply

Your email address will not be published.

Sign up for our Newsletter

* By Submitting this form, I agree to receive all marketing material by email.

* By Submitting you confirm that you’ve read and accepted the privacy policy and terms and conditions.

Recent Posts

Compare Listings

Get in Touch

Log Into Springfield

Thank you for your submission

Get Brochure/Floorplan

You are leaving without our FREE consultation.

Our professional teams are waiting to assist you.