Weekly summary of Real Estate Transactions until 4th February 2022

Weekly summary of Real Estate Transactions until 4th February 2022

With an outstanding rise in the real estate industry in Dubai, the recent numbers have been sky rocketing. Real estate transactions were valued at a whopping 5.42 billion in total during the week ending on 4th February 2022, with a sum of 1,912 transactions taken place.

192 plots were sold for AED 877.78 million, 1,232 apartments and villas were sold for AED 2.61 billion.

The top three transactions were a land in Saih Shuaib 2 sold for AED 53.89 million, followed by a land that was sold for AED 42.93 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for AED 53.89 million in Saih Shuaib 2 in third place.

Al Hebiah Fifth recorded the most transactions for this week by 37 sales transactions worth AED 72.02 million, followed by Nad Al Shiba Third with 28 sales transactions worth AED 103.68 million, and Jabal Ali First with 25 sales transactions worth AED 59 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 281 million in Business Bay, an apartment was second in the list sold for AED 256 million in Burj Khalifa, and thirdly it was an apartment sold for AED 250 million in Marsa Dubai.

The sum of the amount of mortgaged properties for the week was 1.78 billion, with the highest being a land in Al Suq Al Kabeer, mortgaged for AED 300 million.
58 properties were granted between first-degree relatives worth AED 160 million.

News Source: Dubai PR Network

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