Dubai records 2,246 real estate transactions valued at Dh11.6 billion during the week

Palm Jumeirah remains top spot for villa and apartment sales

by

A Staff Reporter

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Top Stories

The top three transfers for apartments and villas took place in Palm Jumeirah. - KT file
The top three transfers for apartments and villas took place in Palm Jumeirah. - KT file

Published: Fri 14 Apr 2023, 2:18 PM

Last updated: Fri 14 Apr 2023, 7:06 PM

Dubai recorded 2,246 real estate and properties transactions valued at Dh11.6 billion during the week ending April 14, data from the Dubai Land Department showed on Friday.

Overall, 226 plots were sold for Dh5.76 billion, 2,019 apartments and villas were sold for Dh4.42 billion.

The top three transactions were a plot of land in Mugatrah sold for Dh3.87 billion, followed by a plot that was sold for Dh630.8 million in Al Layan1, and a plot sold for Dh91 million in Al Barsha South Fourth in third place.

Al Hebiah Fifth recorded the most transactions for this week by 74 sales transactions worth Dh198.41 million, followed by Madinat Hind 4 with 34 sales transactions worth Dh44.36 million, and Al Hebiah Fourth with 27 sales transactions worth Dh251 million in third place.

The top three transfers for apartments and villas were sold in Palm Jumeirah for Dh76 million, Dh58 million and Dh50 million respectively.

The sum of the amount of mortgaged properties for the week was 1.31 billion, with the highest being a land in Al Thanayah Fourth, mortgaged for Dh91 million.

68 properties were granted between first-degree relatives worth Dh144 million.


More news from Business