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Dubai records real estate sales of AED 14.2B (USD 3.9B) from January 22th to 28th, 2024

The largest transaction was the purchase of a land plot in Al Barsha South Second in the amount of AED 210M (USD 57.2M). The most expensive residence, located in Nad Al Sheba First, was sold for AED 177M (USD 48.2M).
January 30, 2024.
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The Dubai Land Department (DLD) documented a total of 4,123 successfully completed transactions during the week, encompassing 312 land plots valued at AED 3B (USD 816.9M), and 2,696 apartments and villas, amounting to AED 5.8B (USD 1.6B) in sales.

The largest number of transactions between January 22th to 28th, 2024 were registered in Madinat Hind 4, with 133 transactions worth a staggering AED 338M (USD 92M). In second place was Al Hebiah Fifth with 49 transactions worth AED 169M (USD 46M), while Al Hebiah Fourth came in third place with 20 transactions amounting to AED 500M (USD 136M).

The largest real estate transaction was for a residence in Nad Al Sheba First, totaling AED 177M (USD 48.2M). Second and third places are for Palm Jumeirah apartments valued at AED 78.6M (USD 21.4M) and AED 44M (USD 12M), respectively.
Real estate deals totalling a massive AED 14.2B (USD 3.9B) were concluded in Dubai's property market over the course of just one week
Increase in the number of transactions
Increase in the number of investors
  • Al Barsha South Second - AED 210M (USD 57.2M)
  • Saih Shuaib 2 - AED 104M (USD 28.3M)
  • Saih Aldahal - AED 100M (USD 27M)

The total amount of mortgaged properties last week amounted to AED 4.6B (USD 1.3B), including a plot in Trade Centre First worth AED 962M (USD 262M). The Dubai Land Department also reported 195 real estate transfers between first degree relatives worth a whopping AED 850M (USD 231M).

Last week, 2,910 real estate transactions were completed in Dubai, worth a total of AED 10B (USD 2.7B). The significant increase in the figures for the weekly period indicates a trend of market development and investor activity. Dubai is one of the safest and most transparent real estate markets in the world, which attracts more and more wealthy investors every year.
The largest land deals were as follows:
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