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

Summary of weekly real estate transactions for the week ending 15 September 2023.

Dubai: The real estate and properties transactions valued more than 12.7 billion in total during the week ending 15 September 2023. The sum of transactions was 2,329.

 549 plots were sold for AED 4.25 billion, 1,780 apartments and villas were sold for AED 3.94 billion.

Summary of weekly real estate transactions for the week ending 01 September 2023.

Dubai: The real estate and properties transactions valued at AED 24.7 billion in total during the week ending 01 September 2023. The sum of transactions was 3,223.  236 plots were sold for AED 1.82 billion, 2,302 apartments and villas were sold for AED 4.87 billion.  The top three transactions were a land in Al Thanayah Fourth sold for AED 209 million, followed by a land that was sold for AED 135.56 million in Al Barshaa South Third, and a land sold for AED 104.03 million in Al Barshaa South Third in third place.