Dubai / WAM
A total of 2,704 real estate transactions worth over AED13 billion were conducted during the week ending January 20, according to figures released by the Dubai Land Department (DLD).
The DLD report showed that 235 plots were sold for AED1.13 billion, while 1,944 apartments and villas were purchased for AED4.39 billion.
The top three transactions were a land in Al Thanyah Fifth sold for AED77.23 million, a land sold for AED25.12 million in Al Hebiah Fifth, and another in Warsan Fourth sold for AED25 million.
Al Hebiah Fifth recorded the most sales transactions for this week with 134 transactions worth AED451.18 million, followed by Al Jadaf
with 26 transactions worth AED134.83 million, and Jabal Ali First with 14 transactions worth AED49 million.
The top three apartment and villa transfers included one in Wadi Al Safa 5 for AED135 million, another in Island 2 worth AED73 million, and an apartment in Al Wasl worth AED73 million.
The value of mortgaged properties for the week reached AED7.01 billion. Meanwhile, 104 properties were granted between first-degree relatives worth AED1 billion.