Dubai – Asdaf News:
The week saw 3,267 real estate and property transactions completed in Dubai, with a total transaction value of AED 10 billion, according to the Dubai Land Department’s (DLD) weekly report. Among these deals, 2,230 flats and villas were sold for AED 5.14 billion, while 168 plots were sold for AED 1.26 billion.
The top three transactions included the sale of land in Al Thanayah for AED70 million, a property in Satwa for AED79 million, and a land in Um Suqaim Second for AED116 million.
With 68 sales transactions totaling AED 198.49 million, Al Hibiya Fifth had the most transactions during the week. Al Hibiya Fourth came in second with 26 sales transactions totaling AED 264.5 million, and Jabal Ali First had 18 sales transactions totaling AED 66 million.
The top three transfers for flats and villas were a property sold for AED 125 million in Al Nahda First, a different property sold for AED 42 million in Al Thanayah Fourth, and an apartment sold for AED 36 million in Palm Jumeirah.
The total value of mortgaged properties for the week was AED 3.01 billion, with the biggest mortgage being for a Palm Jumeirah property worth AED 1 billion. In addition, 434 properties worth a combined AED 670 million were given to first-degree relatives.–WAM
