Over $3.51 billion worth of transactions occur in a week in Dubai’s real estate market

The Dubai Land Department has released data showing that 3,474 real estate transactions of AED9.62 billion were completed for the week ending November 4, 2022. (DLD).
348 plots were sold for AED2.38 billion, and 3,126 apartments and villas were purchased for AED7.23 billion.
The top three transactions were two lands sold for AED350 million in World Islands and AED95 million in Island 2, followed by another land sold for AED74 million in Al Safa 2.
Jabal Ali recorded the most transactions this week with 122 sales transactions worth AED429 million, followed by Al Hebiah Fifth with 72 transactions worth AED176 million and Al Hebiah Fourth with 24 transactions worth AED215 million.
The amount of mortgaged properties for the week was AED1.33 billion, with the highest being land in Al Hamriya, mortgaged for AED150 million.
According to the DLD, 79 properties worth AED2.12 million were given to first-degree relatives.