$1bln of weeklong real estate deals in Dubai

$1bln of weeklong real estate deals in Dubai

Dubai – A whole of 1,638 real estate and property deals costing AED3.8 billion were recorded during the week ending 22nd April 2021, as per the report provided by the Dubai Land Department (DLD) on Thursday.

93 plots were sold for AED513.7 million, 1,086 apartments and villas were sold for AED1.76 billion.

The main three deals were a and in Al Thanayah Fourth sold for AED72.38 million, followed by a land that was sold for AED38.5 million in Hadaeq Sheikh Mohammed Bin Rashid, and land sold for AED72.38 million in Al Thanayah Fourth in third place.

Al Hebiah Third registered the most deals for this week with 33 sales deals costing AED 91.73 million, then come Hadaeq Sheikh Mohammed bin Rashid with 15 sales deals costing AED 165.93 million, and Nad Al Shiba Third with 15 sales deals costing AED39 million in third place.

The main three transfers for apartments and villas were an apartment were sold for AED220 million in Marsa Dubai, a villa was second in the queue which is sold for AED 209 million in Hadaeq Sheikh Mohammed Bin Rashid, and thirdly it was an apartment sold for AED163 million in Burj Khalifa.

The sum of the number of home loan properties for the week was AED1 billion, with the highest being land in Nadd Hessa, mortgaged for AED186 million.

90 properties were given between first-degree relative costs of AED421 million.

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