A total of 2,867 real estate transactions worth more than $4.08bn (AED15bn) were conducted during the week ending 25th November according to figures released by the Dubai Land Department (DLD).
The DLD report revealed that Dubai saw the sale of 313 plots for $427m (AED1.57bn), as well as 1,936 apartments and villas for $1.22bn (AED4.48bn).
Al Hebiah Fifth recorded the most transactions for this week with 110 sales worth $95.6m (AED351.33m), followed by Jebal Ali First with 73 sales worth $64.4m (AED236.59m), and Al Yufrah 2 with 23 sales worth $7.0mm (AED29m).
Dubai apartment sells for $14.1m
The top three transfers for apartments and villas, were an apartment sold for $14.1m (AED52m) in Jumeirah Second, and another for $10.8m (AED40m in Palm Jumeirah. A third was sold for $8.9m (AED33m) in Palm Jumeirah.
The sum of mortgaged properties for the week stood at $2.3bn (AED8.43bn).
Meanwhile, 145 properties were granted between first-degree relatives worth $142.3m (AED523m).
Follow us on
