AED3.4 billion of weeklong real estate transactions in Dubai

DUBAI, A total of 1,557 real estate and properties transactions valued at AED3.4 billion were registered during the week ending 6th May 2021, according to a report issued by the Dubai Land Department (DLD) on Thursday.

111 plots were sold for AED 486.92 million, 1,027 apartments and villas were sold for AED 1.87 billion.

The top three transactions were a land in Al Thanayah Fourth sold for AED37.5 million, followed by a land that was sold for AED37 million in Palm Jumeirah, and a land sold for AED37.5 million in Al Thanayah Fourth in third place.

Al Hebiah Third recorded the most transactions for this week by 30 sales transactions worth AED64.78 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 15 sales transactions worth AED 121.1 million, and Nad Al Shiba First with 15 sales transactions worth AED37 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED336 million in Marsa Dubai, an apartment was second in the list sold for AED217 million in Palm Jumeirah, and thirdly it was a sold for AED129 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was AED1 billion, with the highest being a land in Al Thanyah First, mortgaged for AED91 million.

63 properties were granted between first-degree relatives worth AED110 million.

Source: Emirates News Agency