Summary of weekly real estate transactions for the week ending 16 September 2021

The top three transactions were a land in Palm Jumeirah sold for AED 508 million

  

Dubai: The real estate and properties transactions valued at 5.5 billion in total during the week ending 16 September 2021. The sum of transactions was 1,610.

119 plots were sold for AED 1.39 billion, 1,081 apartments and villas were sold for AED 2.14 billion.

The top three transactions were a land in Palm Jumeirah sold for AED 508 million, followed by a land that was sold for AED 68.54 million in Saih Shuaib 2, and a land sold for AED 508 million in Palm Jumeirah in third place.

Al Hebiah Third recorded the most transactions for this week by 20 sales transactions worth AED 62.34 million, followed by Al Yufrah 2 with 15 sales transactions worth AED 18.07 million, and Hadaeq Sheikh Mohammed Bin Rashid with 14 sales transactions worth AED 253 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 271 million in Marsa Dubai, an apartment was second in the list sold for AED 270 million in Palm Jumeirah, and thirdly it was an apartment sold for AED 202 million in Burj Khalifa.

The sum of the amount of mortgaged properties for the week was 2 billion, with the highest being a land in Al Safouh Second, mortgaged for AED 320 million.

93 properties were granted between first-degree relatives worth AED 279 million.

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

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