The latest updates on Dubai’s real estate market with a recap of weekly transactions. In the week ending September 8th, 2023, Dubai witnessed a staggering 6 billion in real estate transactions, comprising a total of 1,892 transactions. Notable highlights include the sale of a lucrative land in Al Thanayah Fourth for an impressive AED 58.63 million, closely followed by transactions involving lands in Al Satwa and Wadi Al Safa 3.Â
The area of Al Hebiah Fifth topped the charts in terms of transaction volume, with 48 sales amounting to AED 155.18 million. Following closely behind are Madinat Al Mataar with 20 sales worth AED 66.12 million and Madinat Hind 4 with 14 sales worth AED 18.68 million. Among apartment and villa transfers, a magnificent villa in Palm Jumeirah took the lead, fetching a remarkable AED 202 million.
Not far behind, we find a second-placed property in the sought-after Business Bay, and a third-placed gem in Palm Jumeirah. In terms of mortgages, the highest recorded value was a land in Al Safouh Second, mortgaged for a substantial AED 200 million.
