Al Hebiah Fifth had the highest number of transactions between September 4th to 10th, with 48 deals worth AED 155M (USD 42M). In second place is Madinat Al Mataar with 20 deals worth AED 66M (USD 18M). Madinat Hind 4 with 14 deals is in third place. The total value of deals there amounted to AED 18.7M (USD 5M).
The largest transactions in terms of land value were the following plots:
- in Al Thanayah Fourth for AED 58.6M (USD 15.9M);
- in Al Satwa for AED 58.2M (USD 15.8M);
- in Wadi Al Safa for AED 42M (USD 11.4M).
The total amount of mortgaged properties last week amounted to AED 960M (USD 261M). The largest amount was pledged for a land plot in Al Sufouh Second for AED 200M (USD 54M).
The number of transactions involving the transfer of real estate objects between first degree relatives is 79, with the total amount exceeding AED 192M (USD 52M).
Data from the Dubai Land Department (DLD) shows the activity in the emirate's real estate market. According to statistics, only in the first half of 2023 sales volumes increased by 44%. At the same time, the growth trends will continue next year.