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Dubai / WAM
According to the Dubai Land Department (DLD) weekly report, there were 3,267 real estate and property deals conducted in Dubai during the week ending February 24, with a total value of AED10 billion. Of these transactions, 168 plots were sold for AED1.26 billion, while 2,230 apartments and villas were sold for AED5.14 billion.
The top three transactions involved the sale of land in Um Suqaim Second for AED116 million, a land sold for AED79 million in Satwa area, followed by a land sold for AED70
million in Al Thanayah.
Al Hibiya Fifth recorded the most transactions during the week, with 68 sales transactions worth AED198.49 million, followed by Al Hibiya Fourth with 26 sales transactions worth AED264.5 million, and Jabal Ali First with 18 sales transactions worth AED66 million.
For apartments and villas, the top three transfers involved a property sold for AED125 million in Al Nahda First, another property sold for AED42 million in Al Thanayah Fourth, and an apartment sold for AED36 million in Palm Jumeirah.
During the week, the sum of mortgaged properties was AED3.01 billion, with the highest being an apartment in Palm Jumeirah mortgaged for AED1 billion. Additionally, 434 properties were granted between first-degree relatives, with a total value of AED670 million.