Kingsley Properties

Dubai registers Dh13.4b worth of transactions this week

Dh13.4b weeklong real estate transactions in Dubai
Real estate is on an upswing in Dubai.
The real estate and properties transactions valued at Dh13.4 billion in total during the week ending March 11, 2022, according to the Dubai Land Department (DLD), the Wam reported.

The weekly DLD report said the sum of transactions was 2,333.
As many as 245 plots were sold for Dh2.09 billion, 1,542 apartments and villas were sold for Dh3.29 billion.
The top three transactions were a land in Trade Centre Second sold for Dh198.15 million; followed by a land that was sold for Dh160.14 million in Palm Jumeirah.

Al Merkadh recorded the most transactions for this week by 74 sales transactions worth Dh790.01 million; followed by Al Hebiah Fifth with 53 sales transactions worth Dh113.52 million; and Wadi Al Safa 5 with 33 sales transactions worth Dh170 million in the third place.
The top three transfers for apartments and villas were: an apartment being sold for Dh392 million in Marsa Dubai; an apartment sold for Dh359 million in Burj Khalifa; and an apartment sold for Dh287 million in Al Wasl, according to Wam.
The sum of the amount of mortgaged properties for the week was Dh3.83 billion, with the highest being a building in Palm Jumeirah, mortgaged for Dh1 billion.

A total of 145 properties were granted between first-degree relatives worth Dh4 billion.


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