In Dubai, there were 1,721 real estate transactions totaling Dh5.8 billion in the week ending January 5, according to the Dubai Land Department (DLD). During the first week of 2024, 114 plots were sold for Dh1.36 billion, and 1,183 apartments and villas were sold for Dh3.13 billion.

The top three transactions included the sale of a land in Al Thanyah Fifth for Dh268.33 million, a land in Warsan Fourth for Dh113.9 million, and a land in Palm Jabal Ali for Dh65.26 million.

Madinat Hind 4 had the most transactions with 18 sales worth Dh20.57 million, followed by Palm Jabel Ali with 11 sales worth Dh311.64 million, and Saih Shuaib 1 with 8 sales worth Dh15.95 million.

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The top three transfers for apartments and villas were Dh110.01 million in Al Thanyah First, along with two others at Dh62 million and Dh56.4 million in Palm Jumeirah.

The total amount of mortgaged properties for the week was Dh779.4 million, with the highest being a land in Al Hamriya mortgaged for Dh125 million.

Additionally, 98 properties were granted between first-degree relatives, totaling Dh617 million.

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