DUBAI HITS US$2 BILLION IN REAL ESTATE TRANSACTIONS IN A WEEK

Dubai’s real estate and property transactions were valued at AED7.4 billion in total during the week ending September 2, 2022, according to statistics from the Dubai Land Department.

2,593 transactions were recorded during the week, with 320 plots being sold for a total value of AED1.75 billion, and 1,720 apartments and villas sold for AED3.55 billion.

Land sales in Saih Shuaib 3, Island 2 and Saih Shuaib 4 ranked as the top three for transactions after being sold for AED168 million, AED115 million and AED78 million, respectively.

Al Hebiah Fifth recorded the highest number of transactions this week with 107 sales transactions worth AED329.68 million. Residential property deals in Dubai hit US$490 million on 1st September. An apartment sold for AED776 million in Marsa Dubai making it amongst the top value transactions.