Weekly real estate transactions in Dubai, February 18-25, 2021

Weekly real estate transactions in Dubai, February 18-25, 2021

145 plots of land were sold for USD 143 million; 877 apartments and villas were sold for USD 422 million.

1,445 real estate and property transactions worth USD 1.1 billion in total were registered in Dubai during the week from February 18 to February 25, 2021.

145 plots of land were sold for USD 143 million; 877 apartments and villas were sold for USD 422 million.

The largest sales transactions were a land in Al Khawaneej First sold for USD 10 million followed by a land in Me'Aisem First that was sold for USD 2.8 million.

The highest number of transactions during the week was recorded in Al Hebiah Fourth with 75 sales transactions amounting to USD 70 million. Al Hebiah Third came second with 15 sales transactions worth USD 11 million. It is followed by Nad Al Shiba Third that had 14 sales transactions worth USD 9.2 million.

As for apartments and villas, the most expensive unit was an apartment sold for USD 45.7 million in Al Merkadh. Next on the list was an apartment in Marsa Dubai sold for USD 38.6 million. And a unit in Palm Jumeirah sold for USD 36.4 million was third among the top three.

Total sum of mortgaged properties for the week was USD 544 million. The highest was a land in Al Qusais Industrial First, mortgaged for USD 155 million.

76 properties worth USD 114 million were granted between first-degree relatives.

 

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