Dubai’s weeklong real estate transactions reach AED 6.8 billion

Dubai's weeklong real estate transactions reach AED 6.8 billion

According to Dubai Land Department (DLD), the number of real estate and property transactions in Dubai during the week ending 23rd September 2021 reached 1,835 for a total value of AED 6.8 billion.

According to the DLD weekly report, 157 plots were sold for AED1.2 billion and 1,249 apartments and villas were sold for AED2.6 billion.

The top three transactions were land in Al Hebiah Fifth sold for AED190.56 million, followed by land that was sold for AED 50.03 million in Um Suqaim First, and land sold for AED190.56 million in Al Hebiah Fifth in third place.

Al Yufrah 2 recorded the most transactions for this week by 36 sales transactions worth AED30.94 million, followed by Al Hebiah Third with 31 sales transactions worth AED77.75 million, and Hadaeq Sheikh Mohammed Bin Rashid with 19 sales transactions worth AED332 million in third place.

The main three transfers for apartments and villas were an apartment was sold for AED 314 million in Burj Khalifa, an apartment was second on the list sold for AED 264 million in Marsa Dubai, and thirdly it was an apartment sold for AED192 million in Palm Jumeirah.

This week, the amount of mortgaged properties totaled AED3 billion, including a 686 million AED mortgage for land in Wadi Al Safa 5.

A total of 76 properties worth AED206 million were granted to first-degree relatives.

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