Weekly Real Estate Transactions in Dubai, February 11-18 2021

Weekly Real Estate Transactions in Dubai, February 11-18 2021

80 plots of land were sold for USD 113 million and 776 apartments and villas were sold for USD 334 million.

1,277 real estate and property transactions amounting to USD 1.3 billion were registered in Dubai during the last week ending 18 February 2021.

80 plots of land were sold for USD 113 million and 776 apartments and villas were sold for USD 334 million.

The top land transactions were a plot of land in Jabal Ali Industrial Second sold for USD 21 million and a land in Island 2 sold for USD 9.9 million.

Nad Al Shiba Third had the biggest number of deals this week standing at 24 transactions worth USD 15.9 million in total. Next on the list was Al Hebiah Fourth with 8 transactions worth USD 7.5 million, followed by Hadaeq Sheikh Mohammed Bin Rashid, where 5 transactions worth USD 5.7 million were made.

The most expensive apartment was sold for USD 41 million in Marsa Dubai. It is followed by an apartment in Business Bay sold for USD 30 million. Another notable transaction was recorded in Burj Khalifa, where an apartment worth USD 24 million was sold.

Total sum of mortgaged properties this week was USD 816 million. The highest was a land in Wadi Al Safa 7 mortgaged for USD 193 million.

50 properties worth USD 102 million were granted between first-degree relatives.

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