Summary of weekly real estate transactions for the week ending 27 October 2023.

Dubai: The real estate and properties transactions valued at 23.38 billion in total during the week ending 27 October 2023. The sum of transactions was 1,761.

 265 plots were sold for AED 2.84 billion, 1,496 apartments and villas were sold for AED 3.71 billion.

 The top three transactions were a land in Al Yufrah 1 sold for AED 74.78 million, followed by a land that was sold for AED 64.88 million in Al Hebiah Fourth, and a land sold for AED 61.92 million in Al Goze Second in third place.

Summary of weekly real estate transactions for the week ending 20 October 2023.

Dubai: The real estate and properties transactions valued at 8.2 billion in total during the week ending 20 October 2023. The sum of transactions was 1,524.

 232 plots were sold for AED 2.57 billion, 1,292 apartments and villas were sold for AED 3.08 billion.

 The top three transactions were a land in Al Hebiah Fourth sold for AED 65.13 million, followed by a land that was sold for AED 56.67 million in Al Thanayah Fourth, and a land sold for AED 51 million in Al Yufrah 4 in third place.

To enhance transformation efforts in the real estate sector
Dubai Land Department launches ‘Munaqasat’ service through ‘Mollak’ system to govern submission of tenders for the jointly owned property (JOP) sector

• The service provides transparency and ensures the best quality services at reasonable and competitive prices
• It simplifies the tendering process and links jointly owned property companies with service providers
• Fully digitised procedures to provide realistic budgets for service fees and maintenance
• Enhance governance of the real estate sector and transparency in transactions
• Marwan bin Ghalita: The launch of Munaqasat builds on the department’s continuous efforts to bolster the readiness and sustainability of the real estate sector, and fosters effective partnerships between all involved parties