Connect with us

Business Insights

Dubai Real Estate sees robust transactions of AED 11bn 

Dubai's real estate sector sees many property trades, with high sales prices in Al Wasl and big Palm Jumeirah mortgage this week.

Dubai’s real estate sector sees many property trades, with high sales prices in Al Wasl and big Palm Jumeirah mortgage this week.

Week’s Transaction Overview:

The Dubai real estate sector witnessed substantial activity, with transactions totaling AED11 billion, as reported by the Dubai Land Department for the week ending December 8. 

Notably, 357 plots were sold, amounting to AED2.18 billion, while 2,113 apartments and villas were purchased, accounting for AED4.86 billion in transactions.

Land Transaction Highlights:

Among the significant land transactions, the top three sales included a plot in Al Thanyah Fifth, fetching AED268.02 million. Following closely were land transactions in Saih Shuaib 2, sold for AED95.56 million, and Saih Shuaib 3, which secured sales worth AED83.93 million. 

These transactions underscore the diverse value and demand across different areas within Dubai’s real estate landscape.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending