Dubai Documents Record Sales – Over 2200 Flats & Villas worth $1.3 Billion Sold in a Week!

Dubai’s Real Estate Market documented record sales as it crossed AED 9.1 Billion ( $2.5 Billion ) by the end of this week, as reported by the Dubai Land Department ( DLD ).

As much as 2,233 Flats and Villas were reportedly sold in one week that ended with the 9th of December, 2022, for a total of AED 4.64 Billion.

In addition to that, at least AED 2.24 Billion worth of plots totalling over 419 were also sold. The largest of these transactions recorded over the period of a week was over AED 265.69 Million for a land that was for sale in Marsa, Dubai.

Furthermore, a plot located at the World Islands was also purchased for a whopping AED 64.16 Million, making it another one of these high-profile transactions over the course of one week.

This summed up, brings the total value of mortgaged real estate transactions to AED 1.75 Billion for the week.