Weekly real estate transactions in Dubai, December 17-24 2020

1,269 real estate and property transactions standing at USD 1.2 billion in total were registered in Dubai during the week from 10 to 17 December 2020. 92 plots of land were sold for USD 131.4 million; 808 apartments and villas were sold for USD 359 million.

Palm Jumeirah recorded the largest land transaction – a land worth USD 16.3 million was sold there. It is followed by a plot in Saih Shuaib 4 that was transacted for USD 14.9 million.

The highest number of transactions this week was registered in Nad Al Shiba First with 18 sales amounting to USD 11.7 million. Next on the list is Al Thanyah Fifth where 13 sales worth USD 6.4 were made. Nad Al Shiba Third had 11 transaction during the week totalling USD 7.3 million.

An apartment in Marsa Dubai sold for USD 62.2 million was the first on the list of the top three transfers for apartments and villas. It is followed by and apartment in Business Bay sold for USD 28.5 million. The list is concluded by an apartment worth USD 25.5 million in Burj Khalifa.

Total sum of mortgaged properties this week was USD 816.8 million The highest was a land in Al Yelayiss 2, mortgaged for USD 272 million.

43 properties worth USD 52.8 million were granted between first-degree relatives.