Staff Report
Dubai, UAE
The total value of 3,244 land and property transactions reached Dh13.6 billion ($3.7 billion) in a week ending July 07, 2023, according to a report by Dubai Land Department.
A total of 323 plots were sold for Dh3.33 billion (US$907 million) and 2,237 apartments and villas were sold for Dh5.37 billion (US$1.5 billion).
The top three transactions were a land in Marsa Dubai sold for Dh230.14 million, followed by a land that was sold for Dh230.14 million ($63 million) in Marsa Dubai, and a land sold for Dh130 million ($35 million) in Al Thanayah Fourth in third place.
Al Hebiah Fifth recorded the most transactions for this week, with 86 sales transactions worth Dh249.21 million ($68 million), followed by Al Quoz Second with 62 sales transactions worth Dh713.13 million ($194 million), and Madinat Hind 4 with 49 sales transactions worth Dh70 million ($20 million) in third place.
The top three transfers for apartments and villas were an apartment was sold for Dh420 million ($111 million) in Um Suqaim Third, an apartment was second in the list sold for Dh55 million ($15 million) in Palm Jumeirah, and thirdly it was an apartment sold for Dh46 million ($12.5 million) in Zaabeel First.
The sum of the amount of mortgaged properties for the week was Dh3.02 billion ($822 million), with the highest being a land in Madinat Hind 1, mortgaged for Dh2 billion ($544.5 million).
196 properties were granted between first-degree relatives worth Dh2 billion ($544 million).
Ends
