Summary of weekly real estate transactions for the week ending 06 May 2021

111 plots were sold for AED 486.92 million, 1,027 apartments and villas were sold for AED 1.87 billion

  

Dubai: The real estate and properties transactions valued at 3.4 billion in total during the week ending 06 May 2021. The sum of transactions was 1,557.

111 plots were sold for AED 486.92 million, 1,027 apartments and villas were sold for AED 1.87 billion.

The top three transactions were a land in Al Thanayah Fourth sold for AED 37.5 million, followed by a land that was sold for AED 37 million in Palm Jumeirah, and a land sold for AED 37.5 million in Al Thanayah Fourth in third place.

Al Hebiah Third recorded the most transactions for this week by 30 sales transactions worth AED 64.78 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 15 sales transactions worth AED 121.1 million, and Nad Al Shiba First with 15 sales transactions worth AED 37 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 336 million in Marsa Dubai, an apartment was second in the list sold for AED 217 million in Palm Jumeirah, and thirdly it was a sold for AED 129 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was 1 billion, with the highest being a land in Al Thanyah First, mortgaged for AED 91 million.

63 properties were granted between first-degree relatives worth AED 110 million.

-Ends-

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

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