AED10.69 billion of weeklong real estate transactions recorded in Dubai by 10 June 2021

AED10.69 billion of weeklong real estate transactions recorded in Dubai by 10 June 2021

DUBAI – Dubai Land Department (DLD) registered a total of 2,069 real estate and property deals with a total value of 10.7 billion during the week ending 10 June 2021.

As per DLD weekly report, 2019 plots were sold for AED 1.46 billion, 1,418 apartments and villas were for AED 2.81 billion.

The main three deals were land in Palm Jumeirah sold for AED 330 million, then comes a land that was sold for AED 71.22 million in Al Safouh second, and land sold for AED 50 million in the Burj Khalifa area in third place.

Al Hebiah Fourth registered the most deals for this week with 101 sales deals worth AED 438.82 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 18 deals worth AED 212.58 million, and Al Hebiah Third with 15 deals worth AED 34 million in third place.

The main three transfers for apartments and villas were a villa was sold for AED 341 million in Dubai Investment Park First, an apartment was second in the list sold for AED 284 in Marsa Dubai, and thirdly it was an apartment sold for AED 282 million in Al Merkadh.

The total of mortgaged properties for the week was 6 billion, with the highest being land in Al Warsan Second, mortgaged for AED 4.7 billion.

51 properties were granted between first-degree relatives worth AED 771 million.

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