157 plots sold for USD 326 million, 1,249 apartments and villas sold for USD 708 million.
1,835 real estate and property transactions amounting to USD 1.8 billion in total were recorded in Dubai during the week from 16 to 23 September, 2021, the Dubai Land Department (DLD) reports.
According to the DLD's weekly report, 157 plots sold for USD 326 million, 1,249 apartments and villas sold for USD 708 million.
The largest land transaction was registered in Al Hebiah Fifth, standing at USD 51 million. It is followed by a land sold for USD 15 million in Um Suqaim First.
Al Yufrah 2 saw the highest number of transactions this week, which was 36 sales transactions worth USD 8.4 million. It is followed by Al Hebiah Third with 31 sales transactions worth USD 21 million and Hadaeq Sheikh Mohammed Bin Rashid with 19 sales transactions worth USD 90 million completes the list.
As for apartments and villas, the top three transfers include an apartment in Burj Khalifa sold for USD 85 million, an apartment in Marsa Dubai sold for USD 71 million and an apartment in Palm Jumeirah sold for USD 52 million.
Total sum of mortgaged properties this week was USD 816 million. The highest was a land in Wadi Al Safa 5, mortgaged for USD 186 million.
76 properties worth USD 56 million were granted between first-degree relatives (an individual’s parents, siblings, children, or a fully owned company by an individual).