The Dubai real estate market continues to thrive with impressive figures this week, as the Land Department reports a total of 3,112 property transactions valued at AED9.396 billion ($2.56 billion).
Within this period, the Land Department reveals that 170 plots were sold for a staggering AED1.89 billion, while 2,261 apartments and villas exchanged hands for AED5.34 billion.
The most noteworthy land transactions included the sale of a plot in Al Safouh Second for AED300 million, a land deal in Saih Shuaib 4 for AED148.25 million, and a land sale in Island 2 for AED128 million.
When it comes to property transactions, Al Hebiah Fifth claimed the top spot with 57 sales transactions amounting to AED139.49 million. Madinat Hind 4 followed closely with 23 sales transactions worth AED29.24 million, while Al Hebiah Third secured third place with 13 sales transactions valued at AED56 million.
Shifting the focus to apartments and villas, the most remarkable deals involved a luxurious apartment in Burj Khalifa selling for an impressive AED150 million, followed by another apartment in Palm Jumeirah fetching AED60 million. In third place, a property in Um Suqeim Second changed hands for AED53 million.
Furthermore, the total value of mortgaged properties during this week amounted to AED1.89 billion, with the highest mortgage recorded for a land property in Al Karama, valued at AED234 million.
In addition to the sales and mortgages, 144 properties were granted to first-degree relatives, with a combined worth of AED273 million.
With such robust activity and significant transactions in the Dubai real estate market, it’s clear that the sector continues to attract both local and international investors, seeking lucrative opportunities in this thriving metropolis.
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