Dubai records $790mln real estate transactions in a week

SectorReal Estate

DUBAI - Dubai recorded a total of AED2.9 billion real estate and properties transactions during the week ending 5th November 2020 with transactions reaching 1,241, according to figures of the Department of Land and Property in Dubai.A total of 44 plots were sold for AED176.48 million, 854 apartments and villas were sold for AED1.49 billion, said the weekly report.The top three transactions were land in Al Merkadh sold for AED16.33 million, followed by a land that was sold for AED12.6 million in Al Barsha South Fourth, and land sold for AED16.33 million in Al Merkadh in third place.Jabal Ali First recorded the most transactions for this week by 16 sales transactions worth AED27.49 million, followed by Nad Al Shiba Third with 5 sales transactions worth AED12.07 million, and Al Merkadh more...