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 India Gazette.

More Information

32 ℃

Haze in New Delhi/Gandhi

Business

Section

India's Tata chooses UK as site for new EV battery plant

LONDON, England: The BBC has reported that Jaguar Land Rover owner Tata Motors is planning to build a multi-billion pound ...

Facebook nears completion of eliminating 10,000 jobs

MENLO Park, California: As part of the last stage of a three-series round of staff layoffs, part of a plan ...

Baby formula manufacturers investigated by US for rigging bids

WASHINGTON D.C.: On its website, the US Federal Trade Commission (FTC) has said it is probing Abbott Laboratories and other ...

US Rep says expand China blacklist after ban on Micron chips

Representative Mike Gallagher, chair of the U.S. House of Representatives committee on China, says that after Beijing banned the sale ...

Investors bank on debt ceiling breakthrough, Nasdaq surges more than 2%

NEW YORK, New York - A relief rally hit Wall Street Friday as lawmakers made some progress on the debt ...

Expect supply chain shortages through 2024, says Boeing

ALEXANDRIA, Virginia: Boeing Chief Executive Dave Calhoun said sector-wide supply chain problems that have hampered global jetliner production might not ...

Delhi

Section