The data from the Dubai Land Department (DLD) indicates 173 transactions, and according to other data — 227 on the first working Friday of January.
As a result of the new labor week system, 1,766 transactions for $1.97 billion were concluded in the first 7 days of 2022.
The new working week lasts four and a half days. The second half of Friday, Saturday, and Sunday are days off.
According to the DLD data, out of 173 registered transactions, 12 were for land plots and 161 for apartments and villas.
The areas with record land sale prices are:
- Marsa Dubai — about $100 million;
- Al Thanya Fifth — $7.62 million;
- Palm Jumeirah — $4.62 million.
Jebel Ali First leads in deals, followed by Palm Jumeirah and Warsan First.
Palm Jumeirah and Marsa Dubai are among the leading areas in sales of apartments and villas. The first made a record transaction of $1.36 million, while Marsa Dubai ranked second and third with transactions of $1.34 and $1.09 million.
Mortgage money in these transactions amounted to $34.04 million. 40 mortgage transactions were for apartments and villas, 9 — for land plots.
The largest mortgage transaction took place in Al Thanyah Fourth. The transaction amount was $10.07 million.
