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88 plots sold for USD 168 million, 1,135 apartments and villas sold for USD 618 million.
1,617 real estate and property transactions amounting to USD 1.47 billion in total were recorded in Dubai during the week from 22 to 29 July, 2021.
88 plots sold for USD 168 million, 1,135 apartments and villas sold for USD 618 million.
The largest land transaction was registered in Island 2, standing at USD 32 million. It is followed by a land sold for USD 13.6 million in Palm Deira.
Nad Al Shiba First saw the highest number of transactions this week, which was 19 sales transactions worth USD 17 million. It is followed by Hadaeq Sheikh Mohammed Bin Rashid with 9 sales transactions worth USD 35 million and Jumeirah First also with 9 sales transactions worth USD 16 million completes the list.
As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 110 million, an apartment in Business Bay sold for USD 66 million and an apartment in Palm Jumeirah sold for USD 62 million.
Total sum of mortgaged properties this week was USD 816 million. The highest was a land in Al Wasl, mortgaged for USD 272 million.
24 properties worth USD 19 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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