Weekly real estate transactions in Dubai, December 24-31

Weekly real estate transactions in Dubai, December 24-31

The last week of 2020, from 24 to 31 December, in Dubai saw 1,319 transactions worth USD 1.2 billion in total.

83 plots of land were sold for USD 106 million; 928 apartments and villas were sold for USD 360 million.

The largest transactions were a land in Palm Jumeirah sold for USD 6.1 million followed by a land in Jumeirah First sold for USD 5.08 million.

The highest number of transactions during the week was registered in Al Mamzar with 17 sales amounting to USD 25.7 million. Al Hebiah Fourth came second recording 13 transactions worth USD 8.07 million. It is followed by Al Hebiah Third where 9 properties worth USD 4 million were transacted.

As for apartments and villas, the most expensive unit was an apartment in Marsa Dubai sold for USD 44.1 million. Next on the list was an apartment worth USD 38.6 million sold in Business Bay. And a unit in Al Thanayah Fourth sold for USD 17.1 million was third among the top three.

Total sum of mortgaged properties for the week was USD 816.8 million. The highest was a land in Palm Jumeirah, mortgaged for USD 272 million.

43 properties worth USD 51.4 million in total were granted between first-degree relatives.

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