DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week ending September 30, according to Dubai Land Department (DLD).
The DLD weekly report said 73 plots were sold for AED350.29 million, 1,080 apartments and villas were sold for AED2.74 billion.
The top three transactions were a plot of land in Al Thanayah Fourth that sold for AED59.5 million, followed by a plot that was sold for AED32.86 million in Al Qusais First, and a plot in Al Thanayah Fourth for AED59.5 million.
Al Yufrah 3 recorded the most transactions for this week with 17 sales transactions worth AED15.66 million, followed by Nad Al Shiba Third with 10 sales transactions worth AED28.02 million, and Al Hebiah Third with nine sales transactions worth AED18 million in third place.
The top three transfers for apartments and villas were an apartment that was sold for AED373 million in Marsa Dubai, a villa for AED264 million in Palm Jumeirah, and a villa for AED257 million in Wadi Al Safa 5.
The sum of the amount of mortgaged properties for the week was AED2 billion, with the highest being a plot of land in Me’Aisem First, mortgaged for AED205 million.
As many as 71 properties were granted between first-degree relatives worth AED1 billion.
Dubai records weeklong real estate transactions worth $1.6 billion
- A plot of land in Al Thanayah Fourth sold for AED59.5 million and an apartment for AED373 million in Marsa Dubai.
- Al Yufrah 3 recorded the most transactions for this week with 17 sales transactions worth AED15.66 million.
Today's Headlines
By signing up you agree to our Terms of Use and Privacy Policy
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.
The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…
Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m Bahrain…
Shuaa Capital plans to set up three blank-check companies of around $200 million each.