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AED 4.8 bn of weeklong real estate transactions recorded in Dubai

According to the Dubai Land Department (DLD), 1,966 real estate and property transactions valued at AED 4.8 billion took place in the week ending 04 November, 2021.

According to the DLD weekly report, 174 plots were sold for AED 1 billion, and 1,328 apartments and villas were sold for AED 2.46 billion.

The top three transactions were a land sold for AED 70 million in Island 2, followed by a land sold for AED 30.4 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for AED 70 million in Island 2.

Al Hebiah Fourth recorded 67 sales transactions valued at AED 334.46 million this week, followed by Al Hebiah Third with 20 sales transactions worth AED 60.25 million, and Al Yufrah 3 with 18 sales transactions worth AED 18 million in third place.

Three of the top transfers were apartments, with an apartment sold for AED 325 million in Marsa Dubai, an apartment sold for AED 259 million in Burj Khalifa, and a villa for AED 203 million in Al Hebiah Fourth.

The total amount of mortgaged properties for the week was AED 1,04 billion, with the highest being a land in Al Qusais Industrial Fifth, mortgaged for AED 54 million.

91 properties were granted between first-degree relatives worth AED 294 million.

Source: AED 4.8 bn of weeklong real estate transactions recorded in Dubai – PropertyNews.ae

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