The real estate and property transactions were valued at AED 8.7 billion in total during the week ending 10th June 2022, the weekly report by Dubai Land Department has found. The sum of transactions was 2,369.
- 262 plots sold for AED 1.26 billion
- 1,572 apartments and villas sold for AED 3.4 billion
Al Hebiah Fifth recorded the most transactions for this week by 159 sales transactions worth AED 429.04 million, followed by Jabal Ali First with 30 sales transactions worth AED 91.15 million, and Al Yufrah 2 with 11 sales transactions worth AED 13 million in third place.
The top three transfers for apartments and villas were an apartment was sold for AED 523 million in Burj Khalifa, an apartment was second in the list sold for AED 328 million in Marsa Dubai, and thirdly it was an apartment sold for AED 222 million in Um Suqaim Third.
The sum of the amount of mortgaged properties for the week was AED 3.48 billion, with the highest being a land in Jumeirah Second, mortgaged for AED 2 billion.
Seventy-four properties were granted between first-degree relatives worth AED 585 million.