During the week ending on February 17, 2023, the real estate market in Dubai saw a total of 2,702 transactions worth AED 10.4B. Among these transactions, 221 plots and 1,866 apartments and villas were sold for AED 150M and AED 4.63B, respectively.
The three most valuable transactions during the week were for land in Business Bay, with one plot selling for AED 150M and two others selling for AED 75M each. Al Hebiah Fifth recorded the highest number of transactions for the week with 126 sales worth AED 439.75M, followed by Al Hebiah Fourth with 20 sales worth AED 212.66M, and Jabal Ali First with 10 sales worth AED 28M.
The top three transfers for apartments and villas were for a property sold for AED 160M in Island 2, another sold for AED 155M in Marsa Dubai, and a third sold for AED 123M in Al Barshaa South Third, according to WAM. The total amount of mortgaged properties for the week was AED 3.55B, with the highest being a land in Al Warsan First mortgaged for AED 1B. Additionally, 252 properties were granted to first-degree relatives, with a total value of AED 811M.
