According to data issued by the Dubai Land Department, 2,285 real estate transactions of AED6.8 billion were completed for the week ending July 29, 2022.
For a total of AED1.35 billion, 254 plots were sold; for AED3.35 billion, 1,516 apartments and villas were sold.
The top three transactions included the sale of land in Hadaeq Sheikh Mohammed Bin Rashid for AED100.53 million, followed by the sale of land there for AED90 million.
Al Hebiah Fifth led the pack with 134 sales transactions totaling AED307.67 million. Jabal Ali First came in second with 28 sales transactions totaling AED97.82 million, and Al Yufrah 2 came in third with 21 sales transactions totaling AED28 million.
The top three transfers for apartments and villas were an apartment in Marsa Dubai that sold for AED501 million, an apartment in Burj Khalifa that sold for AED346 million, and an apartment in Business Bay that sold for AED227 million.
The total value of mortgaged properties for the week was AED1.62 billion, with a plot in Business Bay receiving the highest mortgage payment of AED308 million.
AED511 million worth of 79 properties were distributed among first-degree relatives.
Credit & Source: https://www.propertynews.ae/uae/betterhomes-h1-2022-market-report/
Related posts:
From transparency to ROI, discover how PHOREE redefines real estate investing in Dubai. Worried about market risks? Learn how PHOREE’s AI and expertise turn challenges into opportunities. Invest in Dubai real estate with confidence—PHOREE ensures every decision exceeds expectations.
Concerned about investing in Dubai real estate? Discover how PHOREE turns challenges into opportunities! From market overvaluation to ROI skepticism, learn how PHOREE addresses your real estate concerns with AI and expertise. Invest smarter in Dubai’s dynamic market—PHOREE’s AI-driven insights...