116 plots sold for USD 178 million, 1,072 apartments and villas sold for USD 620 million.
1,188 real estate and property transactions amounting to USD 1.2 billion in total were recorded in Dubai during the week from 5 to 11 August, 2021.
116 plots were sold for USD 178 million, 1,072 apartments and villas were sold for USD 620 million.
The largest land transaction was registered in Island 2, standing at USD 15 million. It is followed by a land sold for USD 8.3 million in Hadaeq Sheikh Mohammed Bin Rashid.
Nad Al Shiba Third saw the highest number of transactions this week, which was 21 sales transactions worth USD 16 million. It is followed by Jabal Ali First with 19 sales transactions worth USD 15 million and Hadaeq Sheikh Mohammed Bin Rashid with 15 sales transactions worth USD 59 million completes the list.
As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 75 million, a villa in Wadi Al Safa 5 sold for USD 62 million and an apartment in Um Suqaim Third sold for USD 44 million.
Total sum of mortgaged properties this week was USD 544 million. The highest was a land in Al Hebiah First, mortgaged for USD 90 million.
47 properties worth USD 29 million were granted between first-degree relatives (an individual’s parents, siblings, children, or a fully owned company by an individual).