Summary of weekly real estate transactions for the week ending 25 November 2021

166 plots were sold for AED 1.01 billion, 1,684 apartments and villas were sold for AED 3.83 billion

  

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

-Ends-

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

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases