According to data issued by the Dubai Land Department (DLD) 2,173 real estate transactions totaling more than AED 10 B were made at the week ending of January 6, 2023.
For a combined AED 4.89 B, 1,903 apartments and villas as well as 270 plots totaling AED 2.25 B were sold. The top three deals involved the sale of a land in Marsa Dubai for AED 623.07 M, a land in Al Thanyah Fifth for AED 77.23 M, and a land in Marsa Dubai for AED 623.07 M.
Al Hebiah Fifth led the pack with 133 sales transactions totaling AED 386.38 million. Jabal Ali First came in second with 49 sales transactions totaling AED 228.15 M, and Al Merkadh came in third with 12 sales transactions totaling AED 125 M.
The top three transfers for flats and villas were an apartment in Island 2 that went for AED 119 M, a villa in Island 2 that went for AED 115 M, and an apartment in Island 2 that went for AED 75 M.
The total number of mortgaged properties for the week was 1.85 billion, with a building in Burj Khalifa being the highest, with a mortgage of AED 300 M. AED 1 Byworth of 101 properties were distributed among first-degree relatives.
