AED7.2 bn in week-long real estate transactions in Dubai

AED7.2 bn in week-long real estate transactions in Dubai

A total of 1,944 real estate and properties transactions valued at AED7.2 billion were completed during the week ending 9 September 2021, according to Dubai Land Department (DLD)’s weekly review released on Thursday.

135 apartments and villas were sold for AED2.73 billion, while 111 plots were sold for AED486.58 million.

The top three sales were land in Island 2 sold for AED59 million, followed by land bought in Island 2 for AED51 million, and land in Island 2 sold for AED59 million.

In terms of transactions, Al Hebiah Third had 28 sales worth AED70.99 million, followed by Al Yufrah 3 with 22 transactions worth AED23.32 million, and Saih Shuaib 1 with 8 transactions worth AED8 million in the third position.

The top three transfers for apartments and villas were an apartment was sold for AED395 million in Business Bay, an apartment was second in the list sold for AED200 million in Marsa Dubai, and thirdly it was an apartment sold for AED183 million in Burj Khalifa.

The amount of mortgaged properties for the week was AED3 billion, with the highest mortgage being AED420 million for land in Al Raffa.

73 properties were granted between first-degree relatives worth AED827 million.

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