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Dubai's weekly real estate sales transactions hit $1.05bn

DUBAI, October 3, 2020

Dubai's real estate and properties transactions value hit AED3.89 billion ($1.05 billion) during the week ending October 1, according to the figures of the Department of Land and Property in Dubai. 
Of the total 1,732 land plots, 182 was sold for AED1.21 billion ($326 million), while 1,140 apartments and villas were snapped up for AED1.56 billion ($424 million).
A total of 182 plots were sold for AED1.21 billion, while 1,140 apartments and villas were sold for AED1.56 billion.
The top three transactions were a land in Marsa Dubai sold for AED250.2 million, followed by a land sold for AED45.04 million in Al Hebiah First, and a land worth AED250.2 million in Marsa Dubai in third place.
Al Hebiah Third recorded the most transactions for this week by 19 sales transactions worth AED48.17 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 15 sales transactions worth AED104.89 million, and Al Thanayah Fourth with 13 sales transactions worth AED123 million in third place, said the report.
The top three transfers for apartments and villas were an apartment was sold for AED221 million in Burj Khalifa, an apartment was second in the list sold for AED199 million in Al Merkadh, and thirdly it was an apartment sold for AED182 million in Al Khairan First, it stated.
Department of Land and Property said the sum of the amount of mortgaged properties for the week was 843 million, with the highest being a land in Al Barshaa South Second, mortgaged for AED 129 million.
A total of 99 properties were granted between first-degree relatives worth AED281 million, it added.-TradeArabia News Service


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