This week, the real estate sector in Dubai has witnessed over 3,500 transactions.
This week, the Dubai Land Department reported AED9.8 billion ($2.7 billion) in transactions in the real estate sector.
From February 3 to February 9, a total of 3,543 transactions took place.
A sum of AED1.61 billion ($438 million) was generated from the sale of 197 plots, while AED5.68 billion ($1.547 billion) resulted from the sale of 2,572 apartments and villas.
Dubai real estate this week
1. A plot in Warsan Fourth secured the top spot for land transactions, fetching AED120.32m ($33m), followed by Al Barsha South Third, where a plot was sold for AED78.86m ($21m), and Wadi Al Safa 3 claimed the third position with land valued at AED54m ($15m).
2. Madinat Hind 4 led the week in the number of transactions, recording 77 sales worth AED199.72m ($54m). Al Hebiah Fifth followed closely with 30 transactions totaling AED136.08m ($37m), and Jebel Ali First secured third place with 11 transactions amounting to AED51.65m ($14m).
3. The top three transfers for apartments and villas included an Island 2 apartment sold for AED140.45m ($38m), a Jumeirah First home changing hands for AED119m ($32m), and an Al Safouh Second property selling for AED80m ($22m).
4. The total value of mortgaged properties for the week reached AED1.8bn ($490m), with the highest mortgage recorded for a Wadi Al Safa 3 land at AED159.03m ($43m).
5. A total of 135 properties, valued at AED725m ($197m), were granted between first-degree relatives during the week.
