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166 plots sold for USD 274 million, 1,684 apartments and villas sold for USD 1.04 billion.
2,283 real estate and property transactions amounting to USD 1.9 billion in total were recorded in Dubai during the week from 18 to 25 November, 2021.
According to the Dubai Land Department's weekly report, 166 plots sold for USD 274 million, 1,684 apartments and villas sold for USD 1.04 billion.
The largest land transaction was registered in Al Hebiah Fifth, standing at USD 35 million. It is followed by a land in the same area sold for USD 33 million.
Jabal Ali First saw the highest number of transactions this week, which was 37 sales transactions worth USD 20 million. It is followed by Nad Al Shiba Third with 29 sales transactions worth USD 21 million and Al Yufrah 2 with 12 sales transactions worth USD 3.2 million completes the list.
As for apartments and villas, the top three transfers include an apartment in Business Bay sold for USD 169 million, an apartment in Marsa Dubai sold for USD 155 million and an apartment in Palm Jumeirah sold for USD 96 million.
Total sum of mortgaged properties this week was USD 536 million. The highest was a plot of land in Al Qusais First, mortgaged for USD 83 million.
71 properties worth USD 67 million were granted between first-degree relatives (an individual’s parents, siblings, children, or a fully owned company by an individual).