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Saturday, July 13, 2024

Dubai Real Estate Transactions Soar, Surpassing $3.10 Billion in One Week.

Dubai’s real estate market witnessed transactions exceeding AED11.4 billion in the week ending November 17, 2023, as reported by the Dubai Land Department (DLD). The DLD figures revealed 2,421 sales transactions totaling AED9.32 billion, with 492 plots and 1,929 apartments and villas sold for AED4.78 billion and AED4.54 billion, respectively.

Noteworthy transactions included a Mohammed Bin Rashid Gardens land sold for AED201.82 million, and two lands in Wadi Al Safa 3 fetching AED142 million and AED132.95 million. Me’aisem Second led in sales transactions with 101 deals totaling AED1.04 billion. Top apartment and villa transfers featured properties in Island 2, Business Bay, and Me’aisem First.

The week also saw AED1.41 billion in mortgaged properties and AED706.72 million in properties granted between first-degree relatives.

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