AED 6.6 billion in weeklong real estate transactions in Dubai

 AED 6.6 billion in weeklong real estate transactions in Dubai

A total of 2,078 real estate transactions worth AED 6.6 billion were conducted during the week ending 11 February 2022, according to figures released by the Dubai Land Department.

A total of 280 plots were sold for AED1.42 billion, 1,275 apartments and villas were sold for AED2.54 billion.

The top three transactions were a land in Al Mamzer sold for AED132.4 million, followed by a land that was sold for AED61 million in Al Thanayah Fourth, and a land sold for AED132.4 million in Al Mamzer in third place.

Jabal Ali First recorded the most transactions for this week by 89 sales transactions worth AED267.91 million, followed by Al Hebiah Fifth with 87 sales transactions worth AED195.83 million, and Al Hebiah Fourth with 20 sales transactions worth AED167 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED360 million in Burj Khalifa, an apartment was second in the list sold for AED 269 million in Marsa Dubai, and thirdly it was an apartment sold for AED204 million in Business Bay.

The sum of the amount of mortgaged properties for the week was AED2.41 billion, with the highest being a land in Palm Jumeirah, mortgaged for AED 412 million.

107 properties were granted between first-degree relatives worth AED309 million.