Dubai Records over AED9.8 Billion Real Estate Transactions

A complete of three,543 actual property transactions value over AED9.8 billion had been carried out in the course of the week ending ninth February 2024, based on knowledge launched by the Dubai Land Department (DLD).

The DLD report confirmed that 197 plots had been bought for AED1.61 billion, whereas 2,572 flats and villas had been bought for AED5.68 billion.

The high three transactions had been a land in Warsan Fourth bought for AED120.32 million, a land bought for AED78.86 million in Al Barshaa South Third, and one other in Wadi Al Safa 3 bought for AED54 million.

Madinat Hind 4 recorded essentially the most gross sales transactions for this week with 77 transactions value AED199.72 million, adopted by Al Hebiah Fifth with 30 transactions value AED136.08 million, and Jabal Ali First with 11 transactions value AED51.65 million.

The high three condominium and villa transfers included one in Island 2 for AED140.45 million, one other in Jumeirah First value AED119 million, and an condominium in Al Safouh Second value AED80 million.

The whole worth of mortgaged properties for the week reached AED1.8 billion. Meanwhile, 135 properties had been granted between first-degree family members value AED725 million.