Dubai property market zooms, realty deals reach Dhs4.53 billion

Dubai property market zooms, realty deals reach Dhs4.53 billion

A boat cruises past the Jumeirah Beach Residence in Dubai. AFP Inayat-ur-Rahman, Deputy Business Editor The real estate and properties transactions in Dubai valued at Dhs4. 53 billion in total during the week. The sum of transactions was 1, 541. 113 plots were sold for Dhs548. 09 million, 1, 036 apartments and villas were sold for Dhs1. 87 billion. The top three transactions were a land in Island 2 sold for Dhs34 million, followed by a land that was sold for Dhs26. 5 million in Al Thanayah Fourth, and a land sold for Dhs34 million in Island 2 in third place. The top three transfers for apartments and villas were an apartment was sold for Dhs309 million in Marsa Dubai, an apartment was second in the list sold for Dhs 177 million in Burj Khalifa, and thirdly it was an apartment sold for Dhs162 million in Al Merkadh. The sum of the amount of mortgaged properties for the week was Dhs2 billion, with the highest being a land in Mena Jabal Ali, mortgaged for Dhs 480 million. Muhammad Binghatti, CEO, Binghatti Developers told Gulf Today that he is very optimistic about the future of the real estate sector with the