Dubai's weeklong real estate transactions top AED5.3 billion


A total of 2,012 real estate transactions worth AED5.3 billion in total were conducted in Dubai during the week ending April 8.

According to figures released by the Dubai Land Department, 236 plots were sold for AED1.07 billion, while 1,415 apartments and villas were sold for AED2.96 billion.

The top three transactions were land in Hadaeq Sheikh Mohammed Bin Rashid selling for AED74.96 million, followed by land that was sold for AED22.5 million in Al Merkadh, and land sold for AED19 million in Al Satwa.

Al Hebiah Fifth recorded the most transactions for this week by 119 sales worth AED267.82 million, followed by Al Merkadh with 40 sales worth AED394.02 million, and Wadi Al Safa 5 with 15 sales worth AED75 million in third place.

The sum of the amount of mortgaged properties for the week was AED1.05 billion.

53 properties were granted between first-degree relatives worth AED269 million.

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