The real estate and properties transactions valued at 5.3 billion in total during the week ending 15 July 2021. The sum of transactions was 1,826.

128 plots were sold for AED 854.35 million, 1,218 apartments and villas were sold for AED 2.79 billion.

The top three transactions were a land in Jumeirah First sold for AED 89.56 million, followed by a land that was sold for AED 67 million in Um Suqaim Third, and a land sold for AED 89.56 million in Jumeirah First in third place.

Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions for this week by 24 sales transactions worth AED 223.28 million, followed by Nad Al Shiba First with 22 sales transactions worth AED 62.05 million, and Al Hebiah Third with 11 sales transactions worth AED 32 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 566 million in Marsa Dubai, an apartment was second in the list sold for AED 290 million in Palm Jumeirah, and thirdly it was an apartment sold for AED 179 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 Marsa Dubai, mortgaged for AED 265 million.

72 properties were granted between first-degree relatives worth AED 172 million.

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

Source: Dubai Land Department

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