158 plots sold for USD 159 million, 1,307 apartments and villas sold for USD 838 million.
1,959 real estate and property transactions amounting to USD 1.9 billion in total were recorded in Dubai during the week from 1 to 7 October, 2021.
According to the Dubai Land Department's weekly report, 158 plots sold for USD 159 million, 1,307 apartments and villas sold for USD 838 million.
The largest land transaction was registered in Hadaeq Sheikh Mohammed Bin Rashid, standing at USD 8.9 million. It is followed by a land sold for USD 8.3 million in Madinat Dubai Almelaheyah.
Al Hebiah Third saw the highest number of transactions this week, which was 52 sales transactions worth USD 34 million. It is followed by Al Yufrah 2 with 21 sales transactions worth USD 8,5 million and Al Yufrah 3 with 13 sales transactions worth USD 3,5 million completes the list.
As for apartments and villas, the top three transfers include an apartment in Marsa Dubai sold for USD 148 million, an apartment in Burj Khalifa sold for USD 148 million and a villa in Wadi Al Safa 5 sold for USD 71 million.
Total sum of mortgaged properties this week was USD 816 million. The highest was an apartment in Marsa Dubai, mortgaged for USD 272 million.
125 properties worth USD 92 million were granted between first-degree relatives (an individual’s parents, siblings, children, or a fully owned company by an individual).