Dubai records $2.83b in weeklong real estate transactions


A total of 2,702 real estate transactions worth AED10.4 were conductd during the week ending 17 February 2023.

A total of 221 plots and 1,866 apartments and villas were sold for AED1.42 billion, and AED4.63 billion respectively.

The top three transactions were a land in Business Bay sold for AED 150 million, followed by a land that was sold for AED 75 million in Business Bay, and a land sold for AED 150 million in Business Bay in third place.

The sum of the amount of mortgaged properties for the week was 3.55 billion, with the highest being a land in Al Warsan First, mortgaged for AED 1 billion.—Zawya News