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Dubai's record Dhs4.8 billion real estate transaction
Dec 2, 2022
Dubai's record Dhs4.8 billion real estate transaction Dubai
By   Internet
  • City News
  • Real estate transactions
  • real estate
  • real estate market
Abstract: As many as 176 plots of land were sold for Dhs998.19 million and 1,052 apartments and villas were sold for Dhs2.32 billion.

The total value of real estate and property transactions in the week ending November 30, 2022 was Dh4.8 billion.

 

The total sum of transactions was 1,600.

 

As many as 176 plots of land were sold for Dh998.19 million and 1,052 apartments and villas were sold for Dh2.32 billion.

 

The top three deals were for a plot of land in Al Jadaf for Dh124 million.

 

This was followed by a plot of land in Business Bay for Dh80 million and a plot of land in Al Jadaf for Dh124 million, which ranked third.

 

Jabal Ali District 1 recorded the most transactions this week with 81 deals worth Dh285.43 million.

 

It was followed by Al Hebiah District 5 with 50 deals worth Dh141.87 million, and Al Yufrah District 2 ranked third with six deals worth Dh8 million.

 

The top three apartment and villa deals were.

 

An apartment in Jumeirah II was sold for Dh38 million.

 

An apartment in Jumeirah Palm was sold for Dh37 million.

 

Third was an apartment in Al Barsha 1 for Dh35 million.

 

The total amount of mortgaged properties this week was 1.37 billion, the highest being an apartment in Hadaeq Sheikh Mohammed Bin Rashid for 184 million dirhams.

 

Some 38 properties were granted between first-degree relatives, worth Dh113 million.

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