Summary of weekly real estate transactions for the week ending 14 January 2021

 79 plots were sold for AED 473.26 million, 621 apartments and villas were sold for AED 1.16 billion

  

Dubai: The real estate and properties transactions valued at 16.98 billion in total during the week ending 14 January 2021. The sum of transactions was 2,614.

79 plots were sold for AED 473.26 million, 621 apartments and villas were sold for AED 1.16 billion.

The top three transactions were a land in Island 2 sold for AED 37 million, followed by a land that was sold for AED 36.7 million in Al Thanayah Fourth, and a land sold for AED 37 million in Island 2 in third place.

Nad Al Shiba Third recorded the most transactions for this week by 21 sales transactions worth AED 50.61 million, followed by Al Hebiah Third with 13 sales transactions worth AED 22.38 million, and Al Hebiah Fourth with 11 sales transactions worth AED 25 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 170 million in Marsa Dubai, an apartment was second in the list sold for AED 83 million in Burj Khalifa, and thirdly it was an apartment sold for AED 75 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was 15 billion, with the highest being a land in Al Yufrah 1, mortgaged for AED 6 billion.

67 properties were granted between first-degree relatives worth AED 521 million.

-Ends-

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

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