Dubai Real Estate Market Reports AED 8.2 Billion Worth of Transactions in One Week
Dubai Real Estate Market Reports AED 8.2 Billion Worth of Transactions in One Week - Off Plan Property Exchange The Dubai Land Department (DLD) has reported that a total of 1,524 real estate and property transactions in the week ending on October 20, 2023 were worth an estimated $8.2 billion. Among these transactions, 232 plots were sold for AED 2.57 billion, while 1,292 apartments and villas were sold. The top three transactions were land in Al Hebiah Fourth, which was sold for a value of 65.13 million, followed by Al Thanayah Fourth, and Al Yufrah for 51 million. Palm Jabal Ali recorded the highest number of transactions worth AED 1.19 billion. The total amount of mortgaged properties for the week was AED2.03 billion, with the highest amount being land in Business Bay mortgaged for a valued AED 788.28 million.
Veröffentlicht : vor 2 Jahren durch Nuala Hafner in Finance
The Dubai Land Department (DLD) has released its weekly report, revealing a total of 1,524 real estate and property transactions valued at AED 8.2 billion for the week ending on October 20, 2023. Among these transactions, 232 plots were sold for AED 2.57 billion, while 1,292 apartments and villas were sold for AED 3.08 billion.
The top three transactions in terms of value were land in Al Hebiah Fourth, which was sold for AED 65.13 million, followed by land in Al Thanayah Fourth, which was sold for AED 56.67 million, and land in Al Yufrah, which was sold for AED 51 million.
Palm Jabal Ali recorded the highest number of transactions for the week, with 51 sales transactions worth AED 1.19 billion. It was followed by Al Hebiah Fifth with 24 sales transactions worth AED 91.65 million, and Madinat Hind 4 with 21 sales transactions worth AED 29.28 million.
For apartments and villas, the top three transfers were recorded in Business Bay, amounting to AED 132 million.
Additionally, the report stated that the sum of the amount of mortgaged properties for the week was AED 2.03 billion, with the highest being land in Business Bay mortgaged for AED 788.28 million.
During the same period, a total of 133 properties were granted to first-degree relatives, with a total value of AED 563 million.
These figures demonstrate the vibrant real estate market in Dubai, highlighting the significant number of transactions and the substantial amounts of money being invested in the sector.
Definitions:
1. Real estate transactions: The buying, selling, or transferring of properties, such as land, apartments, and villas.
2. AED: The abbreviation for the United Arab Emirates dirham, the currency of the United Arab Emirates.
Themen: Real Estate, UAE