Weekly real estate transactions in Dubai, March 4-11 2021

Weekly real estate transactions in Dubai, March 4-11 2021

95 plots sold for USD 170 million, 858 apartments and villas sold for USD 468 million.

1,367 real estate and property transactions amounting to USD 1.3 billion in total were recorded in Dubai during the week from 4 to 11 March 2021.

95 plots sold for USD 170 million, 858 apartments and villas sold for USD 468 million.

The largest land transaction was registered in Palm Jumeirah, standing at USD 30 million. It is followed by a land sold for USD 16 million in Business Bay.

Al Hebiah Fourth saw the highest number of transactions this week, which was 24 sales transactions worth USD 22 million. It is followed by Al Hebiah Third with 20 sales transactions worth USD 10 million and Hadaeq Sheikh Mohammed Bin Rashid with 16 sales transactions worth USD 41 million completing the list.

As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 82 million, an apartment in Palm Jumeirah sold for USD 62 million and an apartment in Burj Khalifa sold for USD 28 million.

Total sum of mortgaged properties this week was USD 272 million. The highest was a land in Palm Jumeirah, mortgaged for USD 77 million.

50 properties worth USD 272 million were granted between first-degree relatives (an individual’s parents, siblings, children, or a fully owned company by an individual).

Share
Subscribe to newsletter
Subscribe