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Dubai's weekly real estate transactions reach Dhs10.4 billion
May 6, 2023
Dubai's weekly real estate transactions reach Dhs10.4 billion Dubai
By   WAM
  • City News
  • Property transactions
  • flat transactions
  • villa transactions
Abstract: A total of 3,050 real estate transactions were recorded this week.

A total of 3,050 real estate transactions worth Dh10.4 billion were carried out in the week ending May 5, according to figures released by the Dubai Land Department (DLD).

 

The DLD report showed that 189 plots of land were sold for Dh1.19 billion and 2,239 flats and villas were sold for Dh5.11 billion.

Dubai's weekly real estate transactions reach Dhs10.4 billion 

The top three deals were a plot of land in Al Thanayah 4th district for Dh52 million, followed by a plot of land in Saih Shuaib 2nd district for Dh40.62 million and a plot of land in Palm Deira for Dh35.36 million in third place.

 

Al Hebiah District 5 recorded the most transactions this week with 63 sales transactions worth Dh188.2 million, followed by Madinat Hind District 4 with 22 sales transactions worth Dh29.01 million and Jabal Ali District 1 in third place with 16 sales transactions worth Dh58 million.

 

The top three transfers of flats and villas were a property in Al Merkadh sold for Dh90 million, a flat in Jumeirah Second sold for Dh78 million and a flat in Burj Khalifa sold for Dh67 million.

 

The top three transfers of flats and villas were a property sold for Dh90 million in Al Merkadh, a flat sold for Dh78 million in Jumeirah Second and a flat sold for Dh67 million in Burj Khalifa.

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Dubai's weekly real estate transactions reach Dhs10.4 billion
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