Weekly real estate transactions in Dubai, January 14-21, 2021

Weekly real estate transactions in Dubai, January 14-21, 2021

60 plots of land were sold for USD 80 million; 585 apartments and villas were sold for USD 283 million.

997 real estate and property transactions worth USD 1 billion in total were registered in Dubai during the week from 14 to 21 January, 2021. 60 plots were sold for USD 80 million, 585 apartments and villas were sold for 283 million.

The largest transactions were a land in Wadi Al Safa 3 sold for USD 17.7 million followed by a land in Al Thanayah Fourth that was sold for USD 8.7 million.

The highest number of transactions during the week was recorded in Nadd Al Shiba Third with 15 sales transactions amounting to USD 9.9 million. Al Hebiah Third came second with 12 sales transactions worth USD 7.4 million. It is followed by Al Yufrah 2 4 that had sales transactions worth USD 1 million.

As for apartments and villas, the most expensive unit was an apartment sold for USD 44.1 million in Marsa Dubai. Next on the list was an apartment in Burj Khalifa sold for USD 22.8 million. And a unit in Palm Jumeirah sold for USD 19 million was third among the top three.

Total sum of mortgaged properties for the week was USD 554 million. The highest was a land in Al Jadaf, mortgaged for USD 133 million.

55 properties worth USD 111 million were granted between first-degree relatives.

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