During the week ending on April 7th, 2023, Dubai’s Land Department (DLD) released data indicating that Dubai real estate market saw a total of 2,793 transactions related to real estate and properties, amounting to AED 10.4B.
According to the DLD’s weekly report, 222 plots were sold for AED 1.8B, while 2,086 apartments and villas were sold for AED 4.56B. The three most significant transactions involved the sale of a Business Bay land for AED 456.25M, followed by a land sold for AED 150M in Al Thanayah Fourth, and a land in Business Bay sold for AED 456.25M, ranking third.
Al Hebiah Fifth recorded the most transactions for this week by 93 sales transactions worth AED 246.61M, followed by MADINAT HIND 4 with 33 sales transactions worth AED 43.23M, and Al Hebiah Fourth with 30 sales transactions worth AED 261M in third place, according to WAM.
The top three transfers for apartments and villas were a was sold for AED 170M in Wadi Al Safa 3, an apartment was second in the list sold for AED 137M in Island 2, and thirdly it was an apartment sold for AED 130M in Island 2.
The sum of the amount of mortgaged properties for the week was 3.96 billion, with the highest being a land in Mirdif, mortgaged for AED 1B. 76 properties were granted between first-degree relatives worth AED 138M.
