The Dubai real estate sector saw real estate transactions worth AED10.9bn ($2.96bn) this week, according to figures released by the Dubai Land Department (DLD).

A total of 2,049 transactions were made in the week ending Friday, April 28.

The DLD report said that 172 plots were sold for AED1.58bn, while apartment and villa sales stood at 1,877, totalling AED4.23bn.

Dubai real estate sales

The top three sales were a land in Burj Khalifa worth AED185m, a land worth AED167.45m in World Islands, and land worth AED131.23m in Madinat Dubai Almelaheyah.

Al Hebiah Fifth recorded the most transactions for this week with 54 sales transactions worth AED171.17m, followed by Madinat Hind 4 with 25 sales transactions worth AED36.82m, and Al Hebiah Third with 21 sales transactions worth AED90m in third place.

The top three apartment and villa transfers were two apartments in Palm Jumeirah for AED58m and AED55m respectively, and an apartment sold for AED51m in Al Ras.

The value of mortgaged properties for the week settled at AED4.95bn. Meanwhile, 82 properties were gifted between first-degree relatives worth AED132m.


Dubai real estate: $3bn of property deals this week – Arabian Business