The real estate and properties transactions valued at 4.31 billion in total during the week ending 25 February 2021. The sum of transactions was 1,445.

145 plots were sold for AED 527.53 million, 877 apartments and villas were sold for AED 1.55 billion.

The top three transactions were a land in Al Khawaneej First sold for AED 40.25 million, followed by a land that was sold for AED 10.39 million in Me'Aisem First, and a land sold for AED 40.25 million in Al Khawaneej First in third place.

Al Hebiah Fourth recorded the most transactions for this week by 75 sales transactions worth AED 259.36 million, followed by Al Hebiah Third with 15 sales transactions worth AED 42.03 million, and Nad Al Shiba Third with 14 sales transactions worth AED 34 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 168 million in Al Merkadh, an apartment was second in the list sold for AED 142 million in Marsa Dubai, and thirdly it was an apartment sold for AED 134 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was 2 billion, with the highest being a land in Al Qusais Industrial First, mortgaged for AED 570 million.

76 properties were granted between first-degree relatives worth AED 419 million.

*First-degree relatives comprise an individual’s parents, siblings, children, or a fully owned company by an individual.

 

Source: Dubai Land Department