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Dubai saw weeklong real-estate transactions worth $2.12bn

A general view of Dubai skyline.
By TRENDS Desk
April 16, 2022 10:25 am
  • The Land Department data showed the sale of 246 plots worth AED1.49 billion ($405.72 million) last week
  • Meanwhile, 1,312 apartments and villas were sold for a total value of AED 2.96 billion ($805.99 million)

The emirate of Dubai saw real-estate transactions worth AED7.8 billion ($2.12 billion) in the week ended April 15.

The total number of real-estate transactions that took place was 1,968, according to data from the Dubai Land Department (DLD).

The Land Department data showed the sale of 246 plots were worth AED1.49 billion ($405.72 million).

Meanwhile, 1,312 apartments and villas were sold for a total value of AED 2.96 billion ($805.99 million).

A total of 66 plots of land were mortgaged for AED1.07 billion ($291.35 million) throughout the week.

Meanwhile, 264 apartments and villas were mortgaged for AED1.8 billion ($490.13 million) over the same period.

Also, 80 properties worth a total of AED497.69 million ($135.82 million) were granted between first-degree relatives, said the data.

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