Weekly real estate transactions in Dubai, March 11-18 2021

Weekly real estate transactions in Dubai, March 11-18 2021

104 plots sold for USD 149 million, 900 apartments and villas sold for USD 707 million.

1,495 real estate and property transactions amounting to USD 1.5 billion in total were recorded in Dubai during the week from 11 to 18 March 2021.

104 plots were sold for USD 149 million, 900 apartments and villas were sold for USD 707 million.

The largest land transaction was registered in Wadi Al Safa 3, standing at USD 11 million. It is followed by a land sold for USD 10 million in Al Thanayah Fourth.

Al Hebiah Fourth saw the highest number of transactions this week, which was 22 sales transactions worth USD 21 million. It is followed by Nad Al Shiba Third with 20 sales transactions worth USD 13 million and Nad Al Shiba First with 15 sales transactions worth USD 8.9 million completing the list.

As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 123 million, an apartment in Palm Jumeirah sold for USD 70 million and an apartment in Al Thanyah Fifth sold for USD 67 million.

Total sum of mortgaged properties this week was USD 816 million. The highest was a land in Burj Khalifa, mortgaged for USD 272 million.

69 properties worth USD 87 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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