During the week ending January 27, 2023, there were 2,786 real estate transactions worth a combined AED 8.4B, according to data issued by the Dubai Land Department (DLD). According to the DLD report, 285 plots were sold for AED 1.7B, while AED 4.43B was spent on the acquisition of 2,043 homes and apartments.
Al Thanyah Fifth land sold for AED 122.5M, Al Safouh Second land sold for AED 140M, and Al Safouh Second property sold for AED 140M were the top three transactions. Al Yufrah 1 came in second with 56 transactions worth AED 332M, followed by Al Hebiah Fifth with 135 transactions totaling AED 415.3M as the week’s highest sales volume, according to WAM.
The top three apartment and villa transfers were a Palm Jumeirah apartment that sold for AED 86M, an Al Bada apartment that cost AED 49M, and an Al Mezhar First unit that cost AED 40M. For the week, mortgaged real estate was worth AED 1.56B. 60 properties valued AED 784M were distributed among first-degree relatives at the same time.
