Dubai records real estate transactions valued at Dhs10bn during the week Dubai records real estate transactions valued at Dhs10bn during the week
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Dubai records real estate transactions valued at Dhs10bn during the week

Dubai records real estate transactions valued at Dhs10bn during the week

Al Hebiah Fifth recorded the most transactions for this week with 133 sales transactions worth Dhs386.38m

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Dubai real estate courtesy Dubai Media Office

According to figures released by the Dubai Land Department (DLD), real estate and property transactions valued at Dhs10bn were recorded in total during the week ending January 6.

The sum of transactions was 2,702, with 270 plots sold for Dhs2.25bn, and 1,903 apartments and villas sold for Dhs4.89bn.

The top three transactions were for a property in Marsa Dubai that sold for Dhs623.07m; a piece of land that sold for Dhs77.23m in Al Thanyah Fifth and a plot in Marsa Dubai, which sold for Dhs623.07m.

Al Hebiah Fifth recorded the most transactions for this week with 133 sales transactions worth Dhs386.38m, followed by Jabal Ali First with 49 sales transactions worth Dhs228.15m, and Al Merkadh with 12 sales transactions worth Dhs125m in third place.

The top three transfers for apartments and villas were an apartment sold for Dhs119m in Island 2, the second in the list sold for Dhs115m in Island 2, and the third, an apartment, sold for Dhs75m in Island 2.

Read: Dubai real estate: A positive outlook for 2023

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