The Dubai property market registered transactions worth approximately AED 8B ($2.1B) in the week ending September 22, according to data from the Dubai Land Department.
During this period, there were a total of 1,744 transactions, including the sale of 289 plots for AED 2.11B ($575M) and 1,455 apartments and villas for AED 3.19B ($869M).
Among the top three transactions were the sale of a plot in Wadi Al Safa 3 for AED 79.4M ($21.6M), another plot in Wadi Al Safa 3 for AED 77.69M ($21.2M), and a plot in Al Manara sold for AED 70M ($19M).
Busiest Areas for Property Sales in Dubai
Al Hebiah Fifth saw the most transactions during the week, with 73 sales transactions amounting to AED 422.26M ($116M). It was followed by Madinat Hind 4 with 54 sales transactions worth AED 79.2M ($21.6M) and Madinat Al Mataar with 28 sales transactions worth AED 133.48M ($36.3M).
The highest-priced property sale was a villa sold for AED 70M ($19M) in Palm Jumeirah, followed by an apartment in Marsa Dubai sold for AED 55.65M ($15.2M) and a home in Palm Jumeirah sold for AED 45M ($12.2M).
The total value of mortgaged properties for the week amounted to AED 2.28B ($621M), with the highest being a piece of land in Wadi Al Safa 3, mortgaged for AED 381.73M ($104M).
Additionally, 147 properties were transferred between first-degree relatives, with a combined value of AED 501M ($136.4M), according to Arabian Business.
