Dubai records over AED 4.67 Billion in real estate transactions week ending Friday 12th August

Dubai records over AED 4.67 Billion in real estate transactions on Friday 12th August.

A total of 1,852 real estate transactions worth AED 4.67 billion were conducted during the week ending 12thof August 2022, according to figures released by the Dubai Land Department.

These included:

·402 land plots

·180 buildings

·1,263 units

The highest number of transactions conducted this week were by Madinat Al Maatar, which sold 62 properties worth AED 119,452,914.00.

Al Yelayiss 2 recorded the second highest number of transactions for this week with 26 sales worth AED 42,011,424.00.

This was followed by the VILLANOVA district with 9 sales transactions worth AED 14,460,000.00 and DIP with 7 sales transactions worth AED 27,778,978.00.

In specific relation to mortgage transactions this week, there were 453, accumulating to AED 4.30 billion.