Emirates News Agency – AED 4.5 billion in one-week property deals in Dubai
Fri 18-02-2022 13:59 PM
DUBAI, 18th February, 2022 (WAM) — A total of 2,098 real estate transactions worth AED4.5 billion were completed during the week ending 18th February, 2022, according to figures released by the Department Dubai land.
A total of 252 plots were sold for AED 1.1 billion, 1,437 apartments and villas were sold for AED 2.47 billion.
The top three deals were land at Palm Jumeirah sold for AED60 million, followed by land sold for AED38.79 million to Hadaeq Sheikh Mohammed Bin Rashid, and land sold for AED60 million. AED at Palm Jumeirah in third place.
Al Hebiah Fifth recorded the most deals this week with 90 sell deals worth AED201.51 million, followed by Jabal Ali First with 57 sell deals worth AED140.61 million AED, and Al Hebiah Fourth with 39 sell deals worth AED 332 million in third place.
The top three apartment and villa transfers were an apartment sold for AED500 million in Marsa Dubai, an apartment sold for AED214 million in Al Merkadh, and third, an apartment sold for AED174 million in Burj Khalifa.
The sum of the amount of mortgaged properties for the week was AED 955.1 million, the highest being land on Island 2, mortgaged for AED 158 million.
56 properties were granted between first degree relatives worth AED 54 million.
WAM/ /MOHD AAMIR/Lina Ibrahim