The real estate and properties transactions valued at 3.8 billion in total during the week ending 22 April 2021. The sum of transactions was 1,638.

93 plots were sold for AED 513.7 million, 1,086 apartments and villas were sold for AED 1.76 billion.

The top three transactions were a land in Al Thanayah Fourth sold for AED 72.38 million, followed by a land that was sold for AED 38.5 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for AED 72.38 million in Al Thanayah Fourth in third place.

Al Hebiah Third recorded the most transactions for this week by 33 sales transactions worth AED 91.73 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 15 sales transactions worth AED 165.93 million, and Nad Al Shiba Third with 15 sales transactions worth AED 39 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 220 million in Marsa Dubai, a villa was second in the list sold for AED 209 million in Hadaeq Sheikh Mohammed Bin Rashid, and thirdly it was an apartment sold for AED 163 million in Burj Khalifa.

The sum of the amount of mortgaged properties for the week was 1 billion, with the highest being a land in Nadd Hessa, mortgaged for AED 186 million.

90 properties were granted between first-degree relatives worth AED 421 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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