Real estate and property records $1.6bn weeklong transaction in Dubai
The sum of the amount of mortgaged properties for the week was $540m, with the highest being a land in Me’Aisem First, mortgaged for $55.8m
According to Dubai Land Department (DLD), the Emirate has recorded 1,592 weeklong real estate and property transactions at the value of $1.6bn (AED 6bn).
The DLD weekly report additionally stated that 73 plots were sold for $95m (AED350.3m), and 1,080 apartments and villas were sold for $750m (AED2.74 bn).
The top three transactions were a land in Al Thanayah Fourth sold for $16.2m, (AED 59.5m), followed by a land that was sold for $8.9m (AED 32.9m) in Al Qusais First, and a land sold for $16.2m (AED 59.5m) in Al Thanayah Fourth in third place.
Al Yufrah 3 recorded the most transactions for this week by 17 sales transactions worth $4.7m (AED 15.7m), followed by Nad Al Shiba Third with 10 sales transactions worth $7.63 (AED 28 m), and Al Hebiah Third with 9 sales transactions worth $4.9m (AED 18m) in third place.
The top three transfers for apartments and villas were an apartment was sold for $101.55m (AED 373m) in Marsa Dubai, a villa was second in the list sold for $71.9m (AED 264m) in Palm Jumeirah, and thirdly it was a villa sold for $67m (AED 257m) in Wadi Al Safa 5.
The sum of the amount of mortgaged properties for the week was $540m (AED 2bn), with the highest being a land in Me’Aisem First, mortgaged for $55.8m (AED205 m).
71 properties were granted between first-degree relatives worth $270m (AED 1bn).