Dubai’s weeklong real estate transactions total AED5.3 billion

The real estate and properties transactions valued at AED5.3 billion in total during the week ending 05 August 2022. The sum of transactions was 2,247.

255 plots were sold for AED1.24 billion, 1,510 apartments and villas were sold for AED2.79 billion.

The top transactions were a land in Hadaeq Sheikh Mohammed Bin Rashid sold for AED106.57 million, followed by a land that was sold for AED90 million in Island 2.

Al Hebiah Fifth recorded the most transactions for this week by 130 sales transactions worth AED310.91 million, followed by Jabal Ali First with 40 sales transactions worth AED126.81 million, and Al Yufrah 2 with 26 sales transactions worth AED31 million in third place.

The top three transfers for apartments and villas were an apartment sold for AED375 million in Marsa Dubai, an apartment sold for AED329 million in Business Bay, and an apartment sold for AED246 million in Burj Khalifa.

The sum of the amount of mortgaged properties for the week was AED1.14 billion, with the highest being a land in Al Thanyah First, mortgaged for AED140 million.

68 properties were granted between first-degree relatives worth AED214 million.

WAM