Dubai Land Department (DLD) reports a staggering AED 5.4 billion in real estate and property transactions between 10 Jan to 14 Jan, with the sum of transactions standing at 1,559.
- 219 plots sold for AED 1.12 billion
- 1,022 apartments & villas sold for AED 2.25 billion
The most recorded transactions within the timeframe was reportedly in Jabal Ali First by 99 sales transactions worth AED 227.19 million, trailed by Al Hebiah Fifth with 44 sales transactions worth AED 97.93 million, and Wadi Al Safa 5 with 8 sales transactions worth AED 37 million in third place.
The top three transfers for apartments and villas include an apartment that was sold for AED 380 million in Marsa Dubai, an apartment in Business Bay sold for AED271 million in Business Bay, and thirdly an apartment that went for AED186 million in Burj Khalifa.
The sum of the number of mortgaged properties for the week was AED958.64 million, with the highest being a land in Wadi Al Safa 3, mortgaged for AED199 million.
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