AED 9.4 billion of weeklong real estate transactions in Dubai

AED 9.4 billion of weeklong real estate transactions in Dubai

During the week ending 02 September 2021, Dubai Land Department (DLD) reported 1,667 real estate and property transactions valued at AED 9.4 billion.

According to the DLD weekly report, 146 plots were sold for AED 2.26 billion, and 1,080 apartments and villas were sold for AED 2.25 billion.

The top three transactions were the sale of land in Marsa Dubai for AED 658.5 million, followed by land sold for AED 325 million in Al Murqabat, and land sold for AED 658.5 million in Marsa Dubai in third place.

Jabal Ali First recorded the most transactions for this week by 40 sales transactions worth AED 89.57 million, followed by Ras Al Khor with 30 sales transactions worth AED 688.63 million, and Wadi Al Safa 5 with 14 sales transactions worth AED 68 million in third place.

An apartment for AED 230 million was sold in Marsa Dubai, an apartment sold for AED 198 million in Burj Khalifa, and thirdly, an apartment for AED 165 million in Business Bay topped the list of transfers for apartments and villas.

The total amount of mortgages for the week was 4 billion, with the highest amount being 2 billion for land in Al Kheeran.

61 properties were granted between first-degree relatives worth AED 469 million.

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