Dubai records AED 11.1 billion worth of weekly real estate transactions

ANI
27 May 2023, 06:55 GMT+10

Dubai [United Arab Emirates], May 27 (ANI/WAM): A total of 3,321 real estate transactions worth AED 11.1 billion were conducted in Dubai during the week ending May 26, 2023, according to figures released by the Dubai Land Department (DLD).

The DLD report showed that 220 plots were sold for AED 2.54 billion, and 2,398 apartments and villas were sold for AED 5.85 billion.

The top three transactions were a land in Madinat Al Mataar sold for AED 659.54 million, followed by a land that was sold for AED 169.39 million in Madinat Dubai Almelaheyah, and a land sold for AED 83 million in Al Barsha South Fourth in third place.

Wadi Al Safa 3 recorded the most transactions for this week by 61 sales transactions worth AED 728.44 million, followed by Al Hebiah Fifth with 41 sales transactions worth AED 106.84 million, and Jabal Ali First with 18 sales transactions worth AED 70 million in third place.

The top three transfers for apartments and villas were a was sold for AED 75 million in Al Safouh First, a villa was second in the list sold for AED 69 million in World Islands, and thirdly it was a villa sold for AED 61 million in World Islands.

The sum of the amount of mortgaged properties for the week was AED1.8 billion, with the highest being a land in Al Thanayah Fourth, mortgaged for AED 143 million.

154 properties were granted between first-degree relatives worth AED 933 million. (ANI/WAM)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.

More Information

15 ℃

Partly Cloudy in Mexico City Intl

Lifestyle

Section

Leading neighbourhood malls reshaping millennial shopping patterns

NewsVoirDelhi NCR [India], May 29: The rise of neighbourhood malls has had a significant impact on the purchasing habits of ...

MedMark Health Summit 2023: A promising step towards a healthier India

ATKNew Delhi [India], May 29: The MedMark Health Summit 2023 was recently held at the Grand Hyatt Kochi, and it ...

Mysuru road accident: Karnataka CM Siddaramaiah announces compensation of Rs 2 lakh to family of victims

Mysuru (Bengaluru) [India], May 29 (ANI): Karnataka Chief Minister Siddaramaiah on Monday announced a compensation of Rs 2 lakh to ...

Kids missing school: Why it's happening -- and how to stop it

Chronic absenteeism - defined as a student's missing approximately 18 days of the school year - is on the rise. ...

"I have always loved playing for CSK": Ambati Rayadu

New Delhi [India], May 29 (ANI): Batter Ambati Rayadu, who has announced his retirement from the Indian Premier League (IPL) ...

From Learning to Thriving: Oda Class' impact on millions of students and families

PRNewswireBangalore (Karnataka) [India], May 29: According to the ASER report, the incidence of private tuition in 2022 has risen to ...

International

Section