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 Australian Herald.

More Information

17 ℃

Mostly Cloudy in Sydney

International

Section

Mummified nun draws hundreds of visitors to rural Missouri town

GOWER, Missouri: Hundreds of people flocked to the small town of Gower, Missouri, to see a mummified nun, Sister Wilhelmina ...

Japan: PM's son resigns for holding party at official residence

TOKYO, Japan: After coming under public criticism for using Japanese Prime Minister Fumio Kishida's residence for a private party, his ...

Remains identified of US pilot from Pennsylvania killed during WWII

WASHINGTON D.C.: The Defense POW/MIA Accounting Agency has announced that 2nd Lt. James Litherland of South Williamsport, Pennsylvania, an Army ...

ACC sues Dr. Yunus, 12 others over embezzlement of $2,351,758

DHAKA, Bangladesh - The Anti-Corruption Commission (ACC) has filed a case against 13 members of Grameen Telecom's board of directors, ...

Washington coordinates 14-country supply chain agreement

WASHINGTON D.C.: The U.S. Commerce Department has said that trade ministers from 14 countries have taken part in the US-led ...

Injuries at Churchill Downs sees 12 horses dead in month

LOUISVILLE, Kentucky: Two horses that succumbed to their injuries at Churchill Downs have become the 11th and 12th fatalities over ...

Sydney

Section