Dubai records Dhs10.1 billion in weekly real estate transactions – Gulf Today

Dubai records Dhs10.1 billion in weekly real estate transactions – Gulf Today

The total value of mortgaged properties for the week reached Dhs2.28 billion.

A total of 2,910 real estate and properties transactions valued at Dhs10.1 billion were conducted during the week ending Jan.12, according to the Dubai Land Department (DLD).

The DLD weekly report said that 209 plots were sold for Dhs2.19 billion, while 2,100 apartments and villas were sold for Dhs4.84 billion.

The top three transactions were a land in Al Hebiah Sixth sold for Dhs138.65 million, followed by a land that was sold for Dhs105 million in Business Bay, and a land sold for Dhs47.36 million in Palm Jabal Ali in third place.

Al Hebiah Fifth recorded the most transactions for this week by 44 sales transactions worth Dhs163.91 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 33 sales transactions worth Dhs398.83 million, and Madinat Hind 4 with 30 sales transactions worth Dhs42.29 million in third place.

The top three apartment and villa transfers included one worth Dhs66 million in Al Wasl, another worth Dhs46 million in Al Thanayah Fourth, and an apartment worth Dhs40.02 million in Al Hebiah Fourth.

The total value of mortgaged properties for the week reached Dhs2.28 billion. Meanwhile, 82 properties were granted between first-degree relatives worth Dhs799