Media ININ Economy We Trust
The total value of building sales in the local market in Dubai during the first quarter of 2023 amounted to about 8.3 billion dirhams, resulting from 3063 transactions, according to data on the website of the Land Department in the emirate.
The top 10 deals recorded a value of 370.5 million dirhams, the largest of which was in the “Palm Jumeirah” area, which occupied the first three positions, with a value of 183, 82 and 19 million dirhams, respectively. Then came “La Mer” fourth with 13 million dirhams, followed by “Wadi Al Safa in centers from 5 to 8, with values ranging between 10 and 11.5 million dirhams.” at a value of 10 million dirhams.
The total transactions in the local real estate market in Dubai recorded more than 127.5 billion dirhams resulting from 38,614 transactions since the beginning of this year, compared to about 84 billion dirhams (29,118 transactions) during the first quarter of 2022, with a growth of 51.7% in terms of value and 32.6% in terms of value. the number. The total dispositions during the last period, from the beginning of 2023 until yesterday, included the registration of 39,721 housing units, 3,858 buildings and 7,714 lands.
The data of the Dubai Land Department’s website indicated that total sales achieved strong growth during the first quarter of this year 2023 by 42.2%, exceeding the barrier of 87.3 billion dirhams, resulting from 30,904 transactions, compared to about 55.5 billion dirhams, resulting from 20,534 transactions in the same period of 2022. .
