Search.jpg "DLD's weekly round up of real estate transactions")
Dubai Land Department (DLD) recorded real estate and property transactions worth AED4.5bn during the week ending January 14. The total number of transactions for the period stood at 1,559.
As many as 219 plots were sold for AED1.12bn, and 1,022 apartments and villas were sold for AED2.25bn.
The top three transactions for land were recorded in Island 2. All three plots were sold for around AED75mn each.
Jebel Ali 1 recorded the largest number of transactions for this week. The area saw 99 sales transactions worth AED227.19mn, followed by Al Hebiah 5 with 44 sales transactions worth AED97.93mn. Wadi Al Safa 5, with eight sales transactions worth AED37mn, was in third place.
The top three transactions for apartments and villas included an apartment in Marsa Dubai, which sold for AED380m; an apartment in Business Bay, which sold for AED271m; and an apartment in Burj Khalifa that sold for AED186mn.
The total sum of mortgaged properties for the week was 958.64mn, with the highest being a plot of land in Wadi Al Safa 3, mortgaged for AED 199mn.
As much as 48 properties, worth AED221mn, were granted between first-degree relatives.
