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Real estate transactions reach Dh2.9 billion in a week ending

November 5, 2020

November 5, 2020

Dubai, UAE: The total value of 1,241 real estate transactions in Dubai reached Dh2.9 billion in a week ending November 5, according to Dubai Land Department, the emirate’s land and property registry.

As many as 44 plots of land were sold for Dh176.48 million, while the value of 854 apartments and villas reached Dh1.49 billion.

The top three transactions were a land in Al Merkadh area sold for Dh16.33 million, followed by a land that was sold for Dh12.6 million in Al Barsha South Fourth, and a land sold for Dh16.33 million in Al Merkadh in third place.

Jabal Ali First recorded the most transactions for this week by 16 sales transactions worth Dh27.49 million, followed by Nad Al Shiba Third with 5 sales transactions worth Dh12.07 million, and Al Merkadh with 5 sales transactions worth Dh61 million in third place.

The top three transfers for apartments and villas were an apartment was sold for Dh257 million in Marsa Dubai, an apartment was second in the list sold for Dh102 million in Burj Khalifa, and thirdly it was a villa sold for Dh96 million in Al Hebiah Fourth.

The sum of the amount of mortgaged properties for the week was 1 billion, with the highest being a land in Nadd Hessa, mortgaged for Dh198 million.

As many as 43 properties were granted between first-degree relatives worth Dh142 million.

ENDS