Weekly real estate transactions in Dubai, March 18-24, 2021

Weekly real estate transactions in Dubai, March 18-24, 2021

115 plots of land were sold for USD 149 million; 721 apartments and villas were sold for USD 340 million.

1,131 real estate and property transactions worth USD 816 million in total were registered in Dubai during the week from 18 to 24 March, 2021.

115 plots of land were sold for USD 149 million; 721 apartments and villas were sold for USD 340 million.

The largest transactions were a land in Palm Jumeirah sold for USD 14 million followed by a land in the same area that was sold for USD 8.7 million.

The highest number of transactions during the week was recorded in Al Hebiah Fourth with 25 sales transactions amounting to USD 24 million. Nad Al Shiba Third came second with 22 sales transactions worth USD 15 million. It is followed by Hadaeq Sheikh Mohammed Bin Rashid that had 16 sales transactions worth USD 37 million.

As for apartments and villas, the most expensive unit was an apartment sold for USD 36 million in Marsa Dubai. Next on the list was a villa in Hadaeq Sheikh Mohammed Bin Rashid sold for USD 26 million. And an apartment in Palm Jumeirah sold for USD 24 million was third among the top three.

Total sum of mortgaged properties for the week was USD 272 million. The highest was a land in Al Barsha First, mortgaged for USD 52 million.

44 properties worth USD 41 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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