Ending 2022 on a high augurs well for the future of Dubai real estate market

As expected, 2022 turned out to be an extremely fruitful year for the Dubai real estate market. The last
of the previous witnessed a total of 2,790 real estate transactions worth AED9.6 billion, according to
figures released by the Dubai Land Department (DLD).
The DLD report showed that 179 plots were sold for AED1.39 billion, while 2,071 apartments and villas
were purchased for AED5.64 billion.
The top three transactions were land in Marsa Dubai sold for AED229.71 million, followed by land sold
for AED175 million in Jebel Ali Industrial Area 1, and a land sold for AED95 million in Palm Jumeirah.
Al Hebiah Fifth recorded the most transactions for this week with 95 sales transactions worth
AED237.14 million, followed by Jabal Ali First with 24 sales transactions worth AED79.4 million, and Al
Yufrah 2 with 10 sales transactions worth AED12 million.
The top three transfers for apartments and villas were an apartment sold for AED336 million in Trade
Centre, second an apartment sold for AED133 million in Island 2, and thirdly an apartment sold for
AED127 million in Island 2.
The sum of the amount of mortgaged properties for the week stood at around AED2 billion, with the
highest being a land in Jumeirah First, mortgaged for AED511.5 million. Meanwhile, 94 properties were
granted between first-degree relatives worth AED538 million.


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