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Dubai real estate: $3.5bn of property and land deals this week

Dubai saw more than AED13bn of property and land deals this week

Dubai real estate
Dubai real estate: $3.5bn of property and land deals this week

Dubai saw real estate and properties transactions valued at more than AED13bn in total during the week ending January 20.

The sum of transactions was 2,704.

235 plots were sold for $308m (AED1.13bn), 1,944 apartments and villas were sold for $1.2bn (AED4.39bn).

Dubai real estate

The top transaction was land in Al Thanyah Fifth sold for $21.3m (AED77.23m).

Al Hebiah Fifth recorded the most transactions for this week by 134 sales transactions worth $123m (AED451.18m), followed by Al Jadaf with 26 sales transactions worth $37m (AED134.83m), and Jabal Ali First with 14 sales transactions worth $13.3m (AED49m) in third place.

The top three transfers for apartments and villas were a property sold for $37m (AED135m) in Wadi Al Safa 5, an apartment was second in the list sold for $20m (AED73m) in Island 2, and thirdly it was an apartment sold for $20mm (AED73m) in Al Wasl.

The sum of mortgaged properties for the week was $1.9bn (AED7.01bn), with the highest being a land in Port Said, mortgaged for $1.4bn (AED5bn).

104 properties were granted between first-degree relatives worth $272m (AED1bn).

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