Dubai records $2 billion real estate transactions in a week amid market boom

Dubai’s real estate and properties transactions were valued at AED 7.4 billion in total during the week ending September 2, 2022, according to statistics from the Dubai Land Department.

2,593 transactions were recorded during the week, with 320 plots being sold for a total value of AED 1.75 billion, and 1,720 apartments and villas sold for AED 3.55 billion.

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Land sales in Saih Shuaib 3, Island 2 and Saih Shuaib 4 ranked as the top three for transactions after being sold for AED 168 million, AED 115 million and AED 78 million, respectively.

Al Hebiah Fifth recorded the highest number of transactions this week with 107 sales transactions worth AED 329.68 million.

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An apartment sold for AED776 million in Marsa Dubai, was also among the top transactions.