Dubai real estate deals touch $2.64bn last week
15 August 2022 – Trade Arabia Business News Information – www.tradearabia.com
A total of 2,433 real estate transactions worth AED9.7 billion ($2.64 billion) were conducted during the week ending August 12, 2022 in Dubai, according to figures released by the Dubai Land Department.
A total of 326 plots were sold for AED1.64 billion, while 1,567 apartments and villas were purchased for AED3.12 billion, said a Wam news agency report.
The top three transactions were a land plot in Nadd Hessa sold for AED352.41 million, followed by another sold for AED90 million on Island 2, and one sold for AED42 million in Al Hebiah Fourth.
Al Hebiah Fifth recorded the most transactions for this week, registering 214 sales transactions worth AED595.16 million, followed by Jabal Ali First with 39 sales transactions worth AED164.29 million, and Al Yufrah 2 with 26 sales transactions worth AED33 million in third place.
Sixty-six properties were granted between first-degree relatives worth AED327 million, it said.