Weekly real estate transactions in Dubai, from July 8-15, 2021

Weekly real estate transactions in Dubai, from July 8-15, 2021

128 plots sold for USD 232 million, 1,218 apartments and villas sold for USD 759 million.

1,826 real estate and property transactions amounting to USD 1.4 billion in total were recorded in Dubai during the week from 8 to 15 July, 2021.

128 plots sold for USD 232 million, 1,218 apartments and villas sold for USD 759 million.

The largest land transaction was registered in Jumeirah First, standing at USD 24 million. It is followed by a land sold for USD 18 million in Um Suqaim Third.

Hadaeq Sheikh Mohammed Bin Rashid saw the highest number of transactions this week, which was 24 sales transactions worth USD 60 million. It is followed by Nad Al Shiba First with 22 sales transactions worth USD 16 million and Al Hebiah Third with 11 sales transactions worth USD 8.7 million completes the list.

As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 154 million, an apartment in Palm Jumeirah sold for USD 78 million and an apartment in Burj Khalifa sold for USD 48 million.

Total sum of mortgaged properties this week was USD 544 million. The highest was a land in Marsa Dubai, mortgaged for USD 72 million.

72 properties worth USD 46 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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