Dubai: The real estate and properties transactions valued at AED 7 billion in total during the week ending 25 November 2021. The sum of transactions was 2,283.
166 plots were sold for AED 1.01 billion, 1,684 apartments and villas were sold for AED 3.83 billion.
The top three transactions were a land in Al Hebiah Fifth sold for AED 131.39 million, followed by a land that was sold for AED 123.81 million in Al Hebiah Fifth, and a land sold for AED 131.39 million in Al Hebiah Fifth in third place.
Jabal Ali First recorded the most transactions for this week by 37 sales transactions worth AED 76.88 million, followed by Nad Al Shiba Third with 29 sales transactions worth AED 78.89 million, and Al Yufrah 2 with 12 sales transactions worth AED 12 million in third place.
The top three transfers for apartments and villas were an apartment was sold for AED 624 million in Business Bay, an apartment was second in the list sold for AED 570 million in Marsa Dubai, and thirdly it was an apartment sold for AED 354 million in Palm Jumeirah.
The sum of the amount of mortgaged properties for the week was 1.97 billion, with the highest being a land in Al Qusais First, mortgaged for AED 306 million.
71 properties were granted between first-degree relatives worth AED 247 million
*First-degree relatives comprise an individual’s parents, siblings, children, or a fully owned company by an individual.
© Press Release 2021
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