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Real estate deals in Dubai reach Dh3.3 billion in a week

November 20, 2020

Dubai, UAE

The total value of 1,141 real estate transactions reached Dh3.3 billion in the week ending November 19, 2020, according to Dubai Land Department, the emirate’s land and property registry.

As many as 64 plots were sold for Dh308.39 million, 785 apartments and villas were sold for Dh1.41 billion.

The top three transactions were a land in Nad Al Hamar sold for Dh110 million, followed by a land that was sold for Dh48 million in Al Thanayah Fourth, and a land sold for Dh110 million in Nad Al Hamar in third place.

Al Hebiah Third recorded the most transactions for this week by 16 sales transactions worth Dh29.1 million, followed by Jabal Ali First with 12 sales transactions worth Dh11.86 million, and Nad Al Shiba Third with 9 sales transactions worth Dh23 million in third place.

The top three transfers for apartments and villas were an apartment was sold for Dh196 million in Burj Khalifa, an apartment was second in the list sold for Dh160 million in Marsa Dubai, and thirdly it was an apartment sold for Dh150 million in Business Bay.

The sum of the amount of mortgaged properties for the week was Dh2 billion, with the highest being a land in Jumeirah Second, mortgaged for Dh760 million.

As many as 50 properties were granted between first-degree relatives worth Dh127 million.