DUBAI: The sale of an apartment in Marsa Dubai for AED 405 million ($110 million) was one of the 1,617 realty transactions worth AED 5.4 billion ($1.47 billion) that were transacted during the week ending July 29.
The weekly report of Dubai Land Department said a total of 88 plots of land were sold for AED 620.22 million, and 1,135 apartments and villas were sold for AED 2.27 billion.
The most expensive land deal was made in Island 2, where a plot sold for AED 121 million, followed by a plot of land in Palm Deira that was bought for AED 50.27 million.
The highest number (19) of sales, worth AED 66.09 million, were recorded in Nad Al Shiba followed by Hadaeq Sheikh Mohammed Bin Rashid and Jumeirah First with nine sales transactions each worth AED 132.16 million and AED 62 million respectively.
Besides in Marsa apartment, an apartment in Business Bay was sold for AED 246 million and an apartment in Palm Jumeirah for AED 228 million.
The sum of the amount of mortgaged properties for the week was 3 billion, with the highest being a plot of land in Al Wasl, mortgaged for AED 1 billion.
A total of 24 properties worth AED 73 million were granted between first-degree relatives.
