DLD: Dubai Experienced over AED 13.8 Billion in Weeklong Real Estate Transactions

According to data presented by the Dubai Land Department (DLD), 3,627 real estate transactions of over AED 13.8 billion were completed for the week ending July 14, 2023.

According to the DLD data, 2,411 apartments and villas were purchased for AED 5.64 billion, while 619 plots were sold for AED 6.19 billion.

Three lands in Al Goze Second sold for AED 68.13 million, AED 67.93 million, and AED 67.57 million made up the top three sales.

With 272 sales transactions summing AED 4.4 billion, Al Goze Second had the most this week, followed by Madinat Hind 4 with 46 transactions summing AED 60 million and Al Hebiah Fifth with 143 transactions totaling AED 384.79 million.

The top three apartment and villa transfers consisted of a Palm Jumeirah apartment for AED 117 million, a Madinat Dubai Al Melaheyah apartment for AED 75 million, and a Palm Jumeirah apartment for AED 72 million.

For the week, mortgaged property values summed up to AED 1.54 billion. In the meantime, 97 properties summing AED 426 million were administered among first-degree relatives.