Summary of weekly real estate transactions for the week ending 21 January 2021

 60 plots were sold for AED 294.66 million, 585 apartments and villas were sold for AED 1.04 billion

  

Dubai: The real estate and properties transactions valued at 3.79 billion in total during the week ending 21 January 2021. The sum of transactions was 997.

 60 plots were sold for AED 294.66 million, 585 apartments and villas were sold for AED 1.04 billion.

 The top three transactions were a land in Wadi Al Safa 3 sold for AED 65.3 million, followed by a land that was sold for AED 32 million in Al Thanayah Fourth, and a land sold for AED 65.3 million in Wadi Al Safa 3 in third place.

Nad Al Shiba Third recorded the most transactions for this week by 15 sales transactions worth AED 36.43 million, followed by Al Hebiah Third with 12 sales transactions worth AED 27.34 million, and Al Yufrah 2 with 4 sales transactions worth AED 4 million in third place.

 The top three transfers for apartments and villas were an apartment was sold for AED 162 million in Marsa Dubai, an apartment was second in the list sold for AED 84 million in Burj Khalifa, and thirdly it was an apartment sold for AED 70 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was 2 billion, with the highest being a land in Al Jadaf, mortgaged for AED 490 million.

55 properties were granted between first-degree relatives worth AED 409 million.

-Ends-

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

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