DUBAI: During the week ending Aug 5, 20201, $1.9 billion worth of real estate and property transactions were made in Dubai.
A statement issued by the Dubai Land Department (DLD) said a total of 91 plots were sold for AED 715.83 million and 1,083 apartments and villas were sold for AED 2.53 billion.
A plot of land in Me’Aisem First that sold for AED 62 million was the most valued land transaction, followed by a plot of land that was sold for AED 40 million in Madinat Dubai Almelaheyah and a plot for AED 62 million in Me’Aisem First.
Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions worth AED 275.76 million, followed by Jumeirah First with 15 sales transactions worth AED 153.34 million, and Nad Al Shiba First with 11 sales transactions worth AED 32 million.
The most expensive apartment was sold for AED 508 million in Marsa Dubai, followed by an apartment for AED 301 million in Burj Khalifa, and thirdly it was an apartment sold for AED 166 million in Palm Jumeirah.
The sum of the amount of mortgaged properties for the week was AED 4 billion, with the highest being a land in Palm Jumeirah, mortgaged for AED 930 million.
