Dubai records weeklong real estate transactions worth $1.6 billion

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.