Dubai property sector gains pace, deals hit Dhs8.5 billion

Dubai property sector gains pace, deals hit Dhs8.5 billion

Picture used for illustrative purpose. Inayat-ur-Rahman, Gulf TodayA total of 1, 791 real estate and properties transactions valued at Dhs8. 5 billion were registered during the week, according to a report issued by the Dubai Land Department (DLD) on Thursday. 121 plots were sold for Dhs526. 63 million, 1, 121 apartments and villas were sold for Dhs 2. 2 billion. The top three transactions were a land in Palm Jumeirah sold for Dhs70 million, followed by a land that was sold for AED29. 75 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs70 million in Palm Jumeirah in third place. Al Hebiah Third recorded the most transactions for this week by 25 sales transactions worth Dhs52. 31 million, followed by Nad Al Shiba Third with 18 sales transactions worth Dhs48. 07 million, and Nad Al Shiba First with 15 sales transactions worth Dhs36 million in third place. The top three transfers for apartments and villas were an apartment was sold for Dhs324 million in Marsa Dubai, a villa was second in the list sold for Dhs235 million in Palm Jumeirah, and thirdly it was an apartment sold for Dhs199 million in Burj Khalifa. The sum of