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Dubai real estate deals reach $871mln in the last week of November

Highest value transaction was for land sold in Island 2 for $16mln

Dubai real estate transactions reached 3.2 billion dirhams ($871 million) for the last week of November, with a transaction in Island 2 recorded as the biggest, at 60 million dirhams ($16 million).

The total of 1,186  deals recorded covered 120 plots and 787 apartments and villas.

The mixed use community of Jabal Ali First recorded the most transactions with 49 sales worth AED 138.8 million, followed by Nad Al Shiba Third, with 12 sales transactions worth AED 33.1 million, and Al Yufrah 3 with 11 sales transactions worth AED 10 million.

The top three sales were an apartment, which was sold for AED 310 million in Marsa Dubai, followed by another in Palm Jumeirah which was sold for AED 214 million in Palm Jumeirah, then a Burj Khalifa apartment which sold for AED 173 million.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021

Source: https://www.zawya.com/uae/en/business/story/Dubai_real_estate_deals_reach_871mln_in_the_last_week_of_November-ZAWYA20211130131318/

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