The Dubai real estate market posted another high on Thursday, hitting AED2 billion worth of deals in the residential property segment.
Thursday’s property deals included 529 sales transactions worth AED1.89 billion, 80 mortgage deals of AED133.23 million and 12 gift deals amounting to AED48.36 million, according to Dubai Land Department (DLD) data.
The sales deals included 501 villas and apartments worth AED1.73 billion and 28 land plots worth AED156.11 million.
The mortgages included 72 villas and apartments worth AED115.53 million and 8 land plots valued at AED17.7 million.
The emirate’s property market saw a total of 2,926 transactions worth more than $2.478 billion (AED9.1 billion) during the week ending December 23, 2022.
Last week’s deals included sale of 159 plots for $239 million (AED877.6 million) and purchases of 2,233 apartments and villas for $1.48 billon (AED5.44 billion).
The top three transactions were a land in Business Bay sold for $27.2 (AED100 million), followed by a land that was sold for $26.3 million (AED 96.5 million) in Al Safouh First, and a land sold for $27.2 million (AED100 million) in Business Bay.
Al Hebiah Fifth recorded the most transactions for this week with 66 sales transactions worth $48.2 million (AED177.34 million), followed by Al Yufrah 2 with 21 transactions worth $7.8 million (AED28.72 million), and Jabal Ali First with 12 transactions worth $10.3 million (AED38 million).
The top three transfers for apartments and villas were an $86 million (AED315 million) apartment in Jumeirah First, an $50 million (AED183 million) apartment in Business Bay, and an (AED85 million) apartment in Palm Jumeirah.
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