Dubai property sales close on strong note in April 2022
Real estate and properties transactions valued at 6.6 billion in total during the week ending 29 April 2022. The sum of transactions was 2,259.
197 plots were sold for Dhs 1.15 billion, 1,628 apartments and villas were sold for Dhs 3.52 billion.
The top three transactions were a land in Business Bay sold for Dhs 72.24 million, followed by a land that was sold for Dhs 71 million in Al Thanayah Fourth, and a land sold for Dhs 72.24 million in Business Bay in third place.
Al Hebiah Fifth recorded the most transactions for this week by 76 sales transactions worth Dhs 172.51 million, followed by Jabal Ali First with 24 sales transactions worth Dhs121.38 million, and Al Yufrah 2 with 15 sales transactions worth Dhs 21 million in third place.
The top three transfers for apartments and villas were an apartment was sold for Dhs 576 million in Marsa Dubai, an apartment was second in the list sold for Dhs 307 million in Burj Khalifa, and thirdly it was an apartment sold for Dhs 243 million in Business Bay.
The sum of the amount of mortgaged properties for the week was 1.73 billion, with the highest being a land in Al Yelayiss 2, mortgaged for Dhs 296 million.
75 properties were granted between first-degree relatives worth Dhs 267 million.
According to the Mo’asher, Dubai’s official sales and rental performance index that was launched by Dubai Land Department (DLD) in co-operation with Property Finder, Dubai’s real estate market records a total of 25,972 real estate transactions in Q1 2022, marking it the highest number of real estate transactions since 2010 registered in a single quarter and the highest volume since Q1 2014.