Dubai records $1.11 billion worth of weeklong real estate deals

Share
1 min read
Over 84 percent of real estate professionals expect competition within Dubai’s real estate market to ramp up going forward, according to the 2022 EMEA Real Estate Report.
Share
  • The transactions included 287 plots that were sold for AED1.08 billion, while 1,059 apartments and villas were purchased for AED2.25 billion.
  • The top three transactions were a plot of land in Al Hebiah Fifth that sold for AED190 million, followed by land that was sold for AED 45 million in Al Thanyah First.

A total of 1,99The real estate and properties transactions valued at AED4.1 billion were recorded in Dubai during the week that ended on 21 January 2022.

The transactions included 287 plots that were sold for AED1.08 billion, while 1,059 apartments and villas were purchased for AED2.25 billion.

The top three transactions were a plot of land in Al Hebiah Fifth that sold for AED190 million, followed by land that was sold for AED 45 million in Al Thanyah First, and a plot of land that sold for AED 190 million in Al Hebiah Fifth in third place.

Al Hebiah Fifth recorded the most transactions for this week with 222 sales transactions worth AED 627.48 million, followed by Jabal Ali First with 11 sales transactions worth AED29.28 million, and Hadaeq Sheikh Mohammed Bin Rashid with nine sales transactions worth AED 108 million in third place.

The top three transfers for apartments and villas were an apartment for AED 292 million in Marsa Dubai, an apartment for AED235 million in Burj Khalifa, and an apartment for AED171 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was 696.14 million, with the highest being land in Mankhool, mortgaged for AED90 million.

A total of 60 properties were granted between first-degree relatives worth AED143 million.

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

Please enable JavaScript in your browser to complete this form.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST