KHALEEJ TIMES, Saturday, Mar 05, 2022 | Sha'ban 02, 1443
AED 7 billion in weeklong real estate transactions in Dubai
Emirates: The real estate and properties transactions valued at
AED 7 billion in total during the week ending 04 March 2022, according to the
Dubai Land Department (DLD).
The DLD weekly report said the sum of transactions was 2,131.
229 plots were sold for AED 1.44 billion, 1,455 apartments and villas were sold
for AED 3.29 billion.
The top three transactions were a land in Marsa Dubai sold for AED 412.95
million, followed by a land that was sold for AED 60.89 million in Al Wasl, and
a land sold for AED 412.95 million in Marsa Dubai in third place.
Al Hebiah Fifth recorded the most transactions for this week by 90 sales
transactions worth AED 203.19 million, followed by Jabal Ali First with 29 sales
transactions worth AED 97.55 million, and Wadi Al Safa 5 with 22 sales
transactions worth AED 109 million in third place.
The top three transfers for apartments and villas were an apartment was sold
for AED 545 million in Palm Jumeirah, an apartment was second in the list sold
for AED 289 million in Marsa Dubai, and thirdly it was an apartment sold for AED
261 million in Al Khairan First.
The sum of the amount of mortgaged properties for the week was 2.17 billion,
with the highest being a land in Hadaeq Sheikh Mohammed Bin Rashid, mortgaged
for AED 529 million.
59 properties were granted between first-degree relatives worth AED 164 million.