Dubai information $2.4bln value weekly actual property transactions

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A complete of three,105 actual property transactions value AED9.1 billion had been carried out in Dubai throughout the week ending nineteenth Could 2023, based on figures launched by the Dubai Land Division (DLD).

The DLD report confirmed that 191 plots had been bought for AED1.14 billion, and a couple of,284 residences and villas had been bought for AED6.03 billion.

The highest three transactions included a land in Island 2 bought for AED135 million, adopted by a land bought for AED50 million in Enterprise Bay, and one other land bought for AED50 million in Hadaeq Sheikh Mohammed Bin Rashid.

Al Hebiah Fifth recorded the highest transactions for this week with 54 gross sales value AED185.13 million, adopted by MADINAT HIND 4 with 34 gross sales value AED50.26 million, and Al Hebiah Third with 14 gross sales value AED53 million.

The highest three transfers for residences and villas included an condominium bought for AED122 million in Island 2, one other condominium bought for AED105 million in Palm Jumeirah, and a villa bought for AED74 million in World Islands.

The sum of mortgaged properties for the week was AED1.68 billion, with the best being a land in Enterprise Bay, mortgaged for AED350 million.

About 77 properties value AED 264 million had been transferred between first-degree kin.



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