Dubai real estate: $2.6bn property deals in a week
Massive year for Dubai property ends with 2,790 transactions in final week
Dubai saw a total of 2,790 real estate transactions worth $2.6bn (AED9.6bn) during the week ending December 30, 2022, according to figures released by the Land Department (DLD).
The DLD report showed that 179 plots were sold for $379m (AED1.39bn), while 2,071 apartments and villas were purchased for $1.5bn (AED5.64bn).
The top three transactions were land in Marsa Dubai sold for $63m (AED229.71m), followed by land sold for $48m (AED175m) in Jebel Ali Industrial Area 1, and land sold for $26m (AED95m) in Palm Jumeirah.
