The real estate and properties transactions valued at 7.2 billion in total during the week ending 09 September 2021. The sum of transactions was 1,944.

111 plots were sold for AED 486.58 million, 1,371 apartments and villas were sold for AED 2.73 billion.

The top three transactions were a land in Island 2 sold for AED 59 million, followed by a land that was sold for AED 51 million in Island 2, and a land sold for AED 59 million in Island 2 in third place.

Al Hebiah Third recorded the most transactions for this week by 28 sales transactions worth AED 70.99 million, followed by Al Yufrah 3 with 22 sales transactions worth AED 23.32 million, and Saih Shuaib 1 with 8 sales transactions worth AED 8 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 395 million in Business Bay, an apartment was second in the list sold for AED 200 million in Marsa Dubai, and thirdly it was an apartment sold for AED 183 million in Burj Khalifa.

The sum of the amount of mortgaged properties for the week was 3 billion, with the highest being a land in Al Raffa, mortgaged for AED 420 million.

73 properties were granted between first-degree relatives worth AED 827 million.

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

Source: Dubai Land Department