Last week, a total of 228 plots were sold for AED 1.14 billion, and 1,328 apartments and villas were sold for AED 3.58 billion in Dubai
Dubai real estate market recorded 552 sales transactions worth $386.5 million (AED 1.42 billion) and 78 mortgage deals of AED 210.62 million on Monday.
In addition, 20 gift deals worth AED 120.57 million were completed on the same day at the start of the week, according to data released by the Dubai Land Department (DLD).
The sales included 427 villas and apartments worth AED 878.57 million, and 125 land plots worth AED 540.79 million.
Meanwhile, mortgages included 72 villas and apartments worth AED181.38 million and six land plots valued at AED 29.23 million, bringing the total realty transactions of Monday to more than $462.8 million (AED 1.7 billion).
Dubai real estate marks transactions worth $1.9bn in a week
The strong real estate figures for Monday follow a total of 2,043 real estate transactions worth AED 7.2 billion conducted during the week ending 20 May 2022.
Last week, a total of 228 plots were sold for AED 1.14 billion, and 1,328 apartments and villas were sold for AED 3.58 billion, according to the state-run news agency, Wam.
The top three transactions included land in Hadaeq Sheikh Mohammed Bin Rashid sold for AED 128 million, followed by land sold for AED 85 million in Al Merkadh, and land sold for AED 128 million in Hadaeq Sheikh Mohammed Bin Rashid.
Al Hebiah Fifth recorded the most transactions for this week by 117 sales transactions worth AED 313.13 million, followed by Al Merkadh with 22 sales transactions worth AED 221.88 million, and Al Yufrah 2 with 19 sales transactions worth AED 25 million in third place.
The top three transfers for apartments and villas were an apartment was sold for AED 848 million in Burj Khalifa, an apartment sold for AED 784 million in Palm Jumeirah, and an apartment sold for AED 350 million in Marsa Dubai.
The sum of the amount of mortgaged properties for the week was 2.28 billion, with the highest being a land in Al Muteena, mortgaged for AED 461 million.