Today: 16 March 2025
26 March 2023
1 min read

Dubai logs over AED8.6bn in weeklong real estate deals

The top three apartment and villa transfers were an AED61 million unit in Mankhool, an AED54 million unit in Palm Jumeirah, and an AED52 million unit in Marsa Dubai…reports Asian Lite News

A total of 3,164 real estate transactions worth AED8.6 billion were conducted during the week ending 24th March, 2023, according to figures released by the Dubai Land Department (DLD).

The DLD report said that 218 plots were sold for AED1.9 billion, while apartment and villa sales stood at 2,177, totalling AED4.73 billion.

The top three sales were two lands sold in Palm Jumeirah worth AED550 million and AED74 million, and a land worth AED70 million in Al Thanyah Fourth.

Al Hebiah Fifth recorded the most transactions for this week by 94 sales transactions worth AED326.67 million, followed by Al Hebiah Fourth with 25 sales transactions worth AED247.85 million, and Jabal Ali First with 24 sales transactions worth AED65 million.

The top three apartment and villa transfers were an AED61 million unit in Mankhool, an AED54 million unit in Palm Jumeirah, and an AED52 million unit in Marsa Dubai.

The sum of the amount of mortgaged properties for the week reached AED1.54 billion. Meanwhile, 349 properties worth AED522 million were granted between first-degree relatives.

The top transactions for land were a pair of plots in Palm Jumeirah both sold for AED550m ($150m).

Al Hebiah Fifth recorded the most transactions this week, with 94 sales worth AED326.67m ($89m), followed by Al Hebiah Fourth with 25 sales transactions worth AED247.85m ($67m), and Jebel Ali First with 24 sales transactions worth AED65m ($18m) in third place.

The top three transfers for apartments and villas were a property sold for AED61m ($16.6m) in Mankhool, a property sold for AED54m ($14.7m) in Palm Jumeirah, and an apartment sold for AED52m ($14.2m) in Marsa Dubai.

The sum of the amount of mortgaged properties for the week was AED1.54bn ($419m) and land in Palm Jumeirah, mortgaged for AED250m ($68m). 349 properties were granted between first-degree relatives, worth AED522m ($142m).

ALSO READ-24 Dubai firms join trade mission to Kazakhstan

Previous Story

UAE participates in G20 meet on finance

Next Story

Erdogan, Putin discuss grain deal, Ukraine  

Latest from -Top News

Palestinians Seek Help to End Israeli Siege 

The Palestinian Ministry of National Economy: “We remind the entire world that Israel is refusing to allow the entry of basic health and humanitarian needs, especially water, electricity, and food, to the

Dubai Glows with Ramadan Spirit

The stunning displays are a key highlight of the second edition of the #RamadanInDubai campaign. Dubai has transformed into a dazzling spectacle of light and artistry in celebration of Ramadan, with grand

UAE Celebrates Emirati Children’s Day

The United Arab Emirates is celebrating Emirati Children’s Day today, reaffirming its dedication to nurturing a safe and supportive environment for the nation’s children. This annual occasion highlights the UAE’s commitment to

US pullback on Gaza plan welcomed 

The Hamas movement also responded positively, stating that the reversal was a welcome move….reports Asian Lite News Palestinian, Jordanian, and Egyptian officials have welcomed US President Donald Trump’s decision to abandon his

Can AI Transform the Future of India-GCC Ties? 

One area where AI can significantly enhance India-GCC cooperation is in the field of supply chain management and logistics. …writes Sudhanshu Kumar and Rashi Randev  Recently, a few months back, the External
Go toTop