According to the Dubai Land Department (DLD), real estate transactions worth AED 10.7 billion were carried out during the week ending 31st March, 2023, totaling 3,035 transactions. Of these, 158 plots were sold for AED 1.27 billion, while apartment and villa sales amounted to AED 5.11 billion across 2,261 transactions.
The top three sales during this period were a land in Al Khairan First worth AED 157.08 million, a land worth AED 67 million in Island 2, and a land worth AED 59 million in The World Islands.
Al Hebiah Fifth had the highest number of transactions for the week with 52 sales transactions valued at AED 165 million, followed by Madinat Hind 4 with 21 sales transactions worth AED 26.78 million, and Jabal Ali First with 14 sales transactions valued at AED 60 million in third place.
The top three apartment and villa transfers during the week were an AED 82 million villa, an AED 57 million apartment, and an AED 55 million apartment located in Palm Jumeirah.
The value of mortgaged properties settled at AED 3.8 billion, while 123 properties worth AED 597 million were gifted between first-degree relatives.