IN JUST ONE LAST WEEK, THE COST OF HOUSING SOLD IN DUBAI REACHED AED 10.4 BILLION

According to data published by the Dubai Land Department (DLD), a total of 3,050 real estate transactions worth AED 10.4 billion ($2.83 billion) dirhams were made in Dubai in the week ending May 5.

The DLD report showed that 189 land plots were sold for AED 1.19 billion ($320 million), 2239 apartments and villas — for AED 5.11 billion ($1.39 billion).

The three largest transactions were the sale of a land plot in Al Tanyah 4 (Emirates Hills) for AED 52 million ($14.16 billion), a plot for AED 40.62 million ($11.06 billion) in Saih Shuaib 2 (DIP), and land for AED 35.36 million ($9.63 billion) in Palm Deira in third place.

In the area of Al Hebiah Fifth (Golf City), the largest number of transactions was recorded this week: 63 purchase and sale transactions worth AED 188.2 million ($51.52 million), followed by Madinat Hind 4 with 22 purchase and sale transactions worth AED 29.01 million ($7.9 million) and Jabal Ali First with 16 purchase and sale transactions worth AED 58 million ($15.79 million) in third place.

 

The top three deals for the sale of apartments and villas included a property sold for AED 90 million ($24.51 million) in Al Merkadh (MBR City), an apartment for AED 78 million ($21.24 million) in Jumeirah Second and an apartment sold for AED 67 million ($18.25 million) in the tallest building mira Burj Khalifa.

 

The amount of real estate purchased on credit for the week amounted to AED 3.69 billion ($1 billion), while the largest transaction on credit was the sale of a plot in Al Barshaa South 3 for AED 653 million ($177.82 million).

Join The Discussion

2 thoughts on “IN JUST ONE LAST WEEK, THE COST OF HOUSING SOLD IN DUBAI REACHED AED 10.4 BILLION”

  • Olivia Lawson

    Phasellus posuere felis sed eros porttitor mattis. Curabitur massa magna, tempor in blandit id, porta in ligula. Aliquam laoreet nisl massa, at interdum mauris sollicitudin et.

    Reply
  • Wayne Castro

    Nullam this is a link nibh facilisis, at malesuada orci congue. Nullam tempus sollicitudin cursus. Nulla elit mauris, volutpat eu varius malesuada, pulvinar eu ligula. Ut et adipiscing erat. Curabitur adipiscing erat vel libero tempus congue. Nam pharetra interdum vestibulum. Aenean gravida mi non aliquet porttitor. Praesent dapibus, nisi a faucibus tincidunt, quam dolor condimentum metus, in convallis libero ligula ut eros.

    Reply

Compare listings

Compare