Real Estate Sales in Dubai Reached $3.5 Billion in a Single Week
More Than 2,300 Transactions are Recorded in the Dubai Real Estate Market this Week.
This week, the Dubai real estate market saw transactions of AED12.7 billion ($3.5 billion), according to the Land Department.
In the week ending September 15, there were 2,329 real estate transactions overall.
According to Land Department data, 1,780 flats and villas were bought for AED3.94 billion ($1.1 billion) while 549 plots were sold for AED4.25 billion ($1.2 billion).
This Week’s Property Transactions in Dubai Real Estate
The top three property deals were a tract sold in Marsa Dubai for AED622.91 million ($170 million), a plot in Business Bay for AED180 million ($180 million), and another plot in Marsa Dubai for AED150 million ($41 million).
Al Hebiah Fifth had the highest sales transactions this week, with 123 for AED527.18 million ($144 million), followed by Madinat Al Mataar with 113 for AED542.17 million ($148 million), and Madinat Hind 4 with 111 for AED161.9 million ($44 million).
The top three apartment and villa transfers were an AED88 million ($24 million) apartment sold in Al Barsha First, an AED75 million ($20 million) apartment sold in Palm Jumeirah, and an AED64.5 million ($18 million) apartment sold in Al Thanayah Fourth. For more insights and information on properties in the area, check out this guide on Freehold Property in Dubai.
The total amount of mortgaged real estate for the week was AED3.88 billion ($1 billion). If you’re looking to understand or calculate your mortgage, use this Mortgage calculator.
In the meantime, 165 homes worth a combined AED670 million ($182 million) were given to first-degree relatives.
