More than AED 4 billion worth of real estate and properties sold in Dubai in week

1 min read
  • Around 1,500 real estate transactions made in during one week

  • 120 plots of land, and more than a thousand apartments and villas figure in the sale

According to Dubai Land Department (DLD) more than AED 4 billion worth of real estate and properties were sold during the last week ending May 20, 2021.

120 plots were sold for AED 874.43 million, 1,038 apartments and villas were sold for AED 2.03 billion. The top three transactions were a large plot of land in Al Barsha South Fourth sold for AED 52.5 million, followed by another plot of land that was sold for AED 20 million in Al Thanayah Fourth, and a tract of land sold for AED 52.5 million in Al Barsha South Fourth in third place.

The real estate and properties transactions were valued at AED 4.1 billion in total, and the sum of transactions was 1,562.

Al Hebiah Fourth recorded the most transactions for this week at 33 sales transactions worth AED 139.42 million, followed by Al Hebiah Third with 24 sales transactions worth AED 117.74 million, and Hadaeq Sheikh Mohammed Bin Rashid with 18 sales transactions worth AED 129 million in third place.

The top three transfers for apartments and villas were an apartment sold for AED 379 million in Marsa Dubai, an apartment was second in the list sold for AED 198 million in Palm Jumeirah, and thirdly it was a villa sold for AED 136 million in Hadaeq Sheikh Mohammed Bin Rashid.

The sum of the amount of mortgaged properties for the week was 1 billion, with the highest being a tract of land in Jabal Ali Industrial First, mortgaged for AED 132 million. 29 properties were granted between first-degree relatives worth AED 83