Weekly real estate transactions in Dubai, February 25 to March 4, 2021

Weekly real estate transactions in Dubai, February 25 to March 4, 2021

113 plots sold for USD 142 million; 1036 apartments and villas sold for USD 509 million.

1,541 real estate and property transactions amounting to USD 1.23 billion in total were recorded in Dubai during the week from 25 February to 4 March 2021.

113 plots were sold for USD 142 million; 1036 apartments and villas were sold for USD 509 million.

The largest land transaction was registered in Island 2, standing at USD 9.2 million. It is followed by a land sold for USD 7.2 million in Al Thanayah Fourth.

Al Hebiah Fourth saw the highest number of transactions this week, which was 41 sales transactions worth USD 39 million. It is followed by Nad Al Shiba Third with 23 sales transactions worth USD 15 million and Al Hebiah Third with 12 sales transactions worth USD 7.6 million completing the list.

As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 84 million, an apartment in Burj Khalifa sold for USD 48 million and an apartment in Al Merkadh sold for USD 44 million.

Total sum of mortgaged properties this week was USD 544.5 million. The highest was a land in Mena Jabal Ali, mortgaged for USD 130 million.

33 properties worth USD 33 million were granted between first-degree relatives (an individual’s parents, siblings, children, or a fully owned company by an individual).

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