Weekly real estate transactions in Dubai, August 19-26, 2021

Weekly real estate transactions in Dubai, August 19-26, 2021

215 plots sold for USD 326 million, 1,130 apartments and villas sold for USD 667 million.

1,849 real estate and property transactions amounting to USD 1.6 billion in total were recorded in Dubai during the week from 19 to 26 August, 2021.

215 plots sold for USD 326 million, 1,130 apartments and villas sold for USD 667 million.

The largest land transaction was registered in Hadaeq Sheikh Mohammed Bin Rashid, standing at USD 28 million. It is followed by a land sold for USD 9 million in Al Thanayah Fourth.

Jabal Ali First saw the highest number of transactions this week, which was 94 sales transactions worth USD 85 million. It is followed by Hadaeq Sheikh Mohammed Bin Rashid with 35 sales transactions worth USD 132 million and Palm Jumeirah with 11 sales transactions worth USD 13 million completes the list.

As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 132 million, an apartment in Burj Khalifa sold for USD 60 million and an apartment in Business Bay sold for USD 46 million.

Total sum of mortgaged properties this week was USD 509 million. The highest was a land in Al Kheeran, mortgaged for USD 108 million.

99 properties worth USD 206 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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