149 plots sold for USD 197 million, 1,103 apartments and villas sold for USD 612 million.
1,756 real estate and property transactions amounting to USD 1.9 billion in total were recorded in Dubai during the week from 8 to 14 October, 2021.
According to the Dubai Land Department's weekly report, 149 plots sold for USD 197 million, 1,103 apartments and villas sold for USD 612 million.
The largest land transaction was registered in Al Hebiah Fifth, standing at USD 49 million. It is followed by a land sold for USD 13 million in Island 2.
Madinat Al Mataar saw the highest number of transactions this week, which was 25 sales transactions worth USD 5.9 million. It is followed by Al Hebiah Third with 23 sales transactions worth USD 17 million and Al Hebiah Fourth with 18 sales transactions worth USD 18 million completes the list.
As for apartments and villas, the top three transfers include an apartment in Burj Khalifa sold for USD 75 million, an apartment in Marsa Dubai sold for USD 60 million and aт apartment in Al Khairan First sold for USD 56 million.
Total sum of mortgaged properties this week was USD 1.08 billion. The highest was a plot of land in Al Raffa, mortgaged for USD 121 million.
121 properties worth USD 75 million were granted between first-degree relatives (an individual’s parents, siblings, children, or a fully owned company by an individual).