Guide To Dubai Real Estate Sector Hits New Milestone

Dubai’s real estate market makes an unprecedented record of AED 11.1 billion in weekly transactions

Dubai Land Department (DLD) reported an excellent number of real estate transactions: a total value of 3,321 ones, with a grand financial turnover of AED 11.1 billion. According to the statistics, 220 plots were sold for AED 2.54 billion, and around 2,398 apartments and villas, for AED 5.85 billion. 

Among the top three transactions, the number one is a plot in Madinat Al Mataar sold for an impressive AED 659.54 million. Following, a plot of land nestled in Madinat Dubai Al Melaheyah has snapped up for AED 169.39 million and consecutively, another deal in Al Barsha South Fourth fetched a cool AED 83 million.

Wadi Al Safa 3 has stolen the spotlight while recording 61 sales transactions worth AED 728.44 million. Followed by Al Hebiah Fifth, with 41 sales transactions totalling AED 106.84 million, and Jabal Ali First claims AED 70 million with 18 sales transactions. 

In this spectacular week of real estate transactions, the apartments and villas were sold at jaw-dropping amounts, like an AED 75 million apartment sale in Al Safouh First and another staggering deal of AED 69 million in the World Islands. Moreover, the mortgage market witnessed a hike of AED 1.8 billion worth of properties, with a total of 154 properties bestowed upon first-degree relatives worth AED 933 million. 

In a nutshell, the dynamic Dubai City offers diverse investment opportunities and state-of-the-art developments, converging innovation and architectural excellence to shape a prosperous future for investors and enthusiasts alike.

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Roma Moitra
Roma Moitra Roma is a Content Editor and a storyteller who knows to keep the stances alive. She drives her creative persona from magical realism, and every day comes back to her conviction as a team. When not dreaming about her stories, she is just a soul finding solace in the imperfections of nature.
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