The real estate and properties transactions valued at 4.53 billion in total during the week ending 04 March 2021. The sum of transactions was 1,541.

113 plots were sold for AED 548.09 million, 1,036 apartments and villas were sold for AED 1.87 billion.

The top three transactions were a land in Island 2 sold for AED 34 million, followed by a land that was sold for AED 26.5 million in Al Thanayah Fourth, and a land sold for AED 34 million in Island 2 in third place.

Al Hebiah Fourth recorded the most transactions for this week by 41 sales transactions worth AED 144.07 million, followed by Nad Al Shiba Third with 23 sales transactions worth AED 56.7 million, and Al Hebiah Third with 12 sales transactions worth AED 28 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 309 million in Marsa Dubai, an apartment was second in the list sold for AED 177 million in Burj Khalifa, and thirdly it was an apartment sold for AED 162 million in Al Merkadh.

The sum of the amount of mortgaged properties for the week was 2 billion, with the highest being a land in Mena Jabal Ali, mortgaged for AED 480 million.

33 properties were granted between first-degree relatives worth AED 122 million.

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

Source: Dubai Land Department



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