Property transactions in Dubai reached more than AED 9.2 billion ($2.5 billion) in one week, the Dubai Land Department (DLD) said.
The week ending December 16, 2022 recorded at least 2,882 deals that include plots and residential units across the emirate.
A total of 199 plots were sold for AED1.33 billion, with Palm Jumeirah topping this week’s deals for selling a plot worth AED 47.38 million.
Buyers also snapped up at least 2,011 apartments and villas with a combined value of AED 4.61 billion.
A residential property in Al Thanyah Fifth was sold for AED 80 million, topping this week’s transactions, followed by an apartment in Palm Jumeirah that was valued at AED 61 million.