During the week ending 5th January, the Dubai Land Department (DLD) recorded a total of 1,721 real estate and property transactions amounting to AED 5.8B.
The DLD’s weekly report outlined that 114 plots were sold for AED 1.36B, while 1,183 apartments and villas changed hands for AED 3.13B.
The most notable transactions in the real estate comprised land in Al Thanyah Fifth, sold for AED 268.33M, followed by land in Warsan Fourth, sold for AED 113.9M, and land in Palm Jabal Ali, securing the third spot with a sale value of AED 65.26M.
Madinat Hind 4 led in transaction volume for the week with 18 sales transactions totalling AED 20.57M. Palm Jabal Ali followed with 11 sales transactions amounting to AED 311.64M, while Saih Shuaib 1 secured third place with 8 sales transactions worth AED 15.95M.
The top three transfers for apartments and villas included AED 110.01M in Al Thanyah First, AED 62M in Palm Jumeirah, and AED 56.4M, also in Palm Jumeirah.
Mortgaged properties for the week summed up to AED 779.4M, with the highest being land in Al Hamriya mortgaged for AED 125M.
Furthermore, 98 properties were granted between first-degree relatives, totalling AED 617M, according to WAM.
