Highlights
- Dubai Land Department reports 3,252 real estate transactions totaling AED 10.6 billion during the week ending 28th July 2023.
- 319 plots were sold for AED 1.92 billion, and 2,137 apartments and villas were purchased for AED 5.75 billion.
- Top three transactions include a land in Palm Jumeirah sold for AED 150 million, a land in Al Hebiah Fourth sold for AED 90.19 million, and a land in Saih Shuaib 4 sold for AED 58.01 million.
- Madinat Hind 4 leads in sales transactions with 96 deals worth AED 133.39 million.
- Marsa Dubai records the highest apartment and villa transfer at AED 265 million.
- The week also sees a total of AED 2.53 billion in mortgaged properties and AED 495 million in properties granted between first-degree relatives.
Dubai’s real estate sector remains resilient as it records an impressive AED 10.6 billion ($2.88 billion) in transactions during the week ending July 28, 2023, according to data released by the Dubai Land Department (DLD).
The DLD report indicates that 319 plots were successfully sold, generating AED 1.92 billion in revenue, while 2,137 apartments and villas were purchased for a total of AED 5.75 billion.
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Dubai :Palm Jumeirah
Among the notable transactions, a plot in Palm Jumeirah stands out, selling for an impressive AED 150 million. It was followed by a land deal in Al Hebiah Fourth, fetching AED 90.19 million, and another in Saih Shuaib 4, selling for AED 58.01 million.
The vibrant Madinat Hind 4 district leads in sales transactions, recording 96 deals valued at AED 133.39 million, closely followed by Al Hebiah Fifth with 69 transactions amounting to AED 187.68 million, and Wadi Al Safa 3 with 60 deals worth AED 476 million.
In the apartment and villa segment, a property in Marsa Dubai tops the list, selling for an impressive AED 265 million. Another property in Al Goze First follows closely, with a value of AED 207 million, and a villa in World Islands completes the list with a price tag of AED 68 million.
Mortgaged properties contributed significantly to the market activity, reaching a total value of AED 2.53 billion for the week. Additionally, 283 properties were granted among first-degree relatives, with a total value of AED 495 million.
The strong performance of Dubai’s real estate market indicates continued investor confidence and demand for properties in the vibrant city.
