Dubai’s real estate transactions hit AED3.3 billion last week

The total amount of real estate transactions recorded in Dubai last week exceeded AED3.3 billion, news agency WAM reports.

According to Dubai Land Department’s (DLD) annual report, the transactions included lands, apartments, villas, sales and mortgages and “leasing ended by ownership”.

The sales of lands, apartments and villas recorded AED1.9bn, while mortgage transactions recorded AED1.4bn.

DLD’s daily report shows that during the last five days, the department’s transactions recorded 1,064 sales, including 595 land sales worth AED1.1bn and 469 apartments and villas sales worth AED785.5m.

Jebel Ali zone topped the areas of Dubai in number of transactions, with 23 sales worth AED71.5m, followed by South Al Barsha with 17 sales worth AED59.2m.

The most important transaction in terms of monetary value is AED112.7m in Al Muraqqabat area, followed by an AED97.8m sale in the Al Safa, while the most valuable sales of apartments and villas were in Al Thanyaharea worth AED13.3m each.

The department has witnessed, during last week, registration mortgages worth AED1.4bn, of which 97 were to lands worth AED1.2bn and 143 to apartments and villas’ mortgages worth AED215.4m.

The most important mortgages were in Mankhoul area worth AED389m and the other one in Al Barsha area worth AED300m.


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