1,809 real estate transactions of AED7.3 billion were completed during the week ending on October 7th, 2022, according to data issued by the Dubai Land Department.
A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
The top three land transactions were a land in Business Bay sold for AED74 million, a land sold for AED72 million in Umm Al Sheif, and a land sold for AED58 million in Palm Jumeirah. Jebel Ali recorded the most transactions for this week with 18 sales transactions worth AED58 million, followed by Al Hebiah Fifth with 15 sales transactions worth AED52 million, and Mohammed bin Rashid Gardens with 14 sales transactions worth AED293 million.
The top three apartment and villa sales took place in Palm Jumeirah, where they went for AED55 million, AED42 million, and AED36 million, respectively. The area with the most transactions this week was Business Bay, with 211 sales transactions totaling AED363 million. Palm Jumeirah came in second with 143 sales transactions totaling AED1 billion, and Umm Suqeim Third had 137 sales transactions totaling AED370 million.
