UAE authorities showcase a forward-thinking approach to harnessing and regulating the sector
Dubai recorded 2,246 real estate and properties transactions valued at Dh11.6 billion during the week ending April 14, data from the Dubai Land Department showed on Friday.
Overall, 226 plots were sold for Dh5.76 billion, 2,019 apartments and villas were sold for Dh4.42 billion.
The top three transactions were a plot of land in Mugatrah sold for Dh3.87 billion, followed by a plot that was sold for Dh630.8 million in Al Layan1, and a plot sold for Dh91 million in Al Barsha South Fourth in third place.
Al Hebiah Fifth recorded the most transactions for this week by 74 sales transactions worth Dh198.41 million, followed by Madinat Hind 4 with 34 sales transactions worth Dh44.36 million, and Al Hebiah Fourth with 27 sales transactions worth Dh251 million in third place.
The top three transfers for apartments and villas were sold in Palm Jumeirah for Dh76 million, Dh58 million and Dh50 million respectively.
The sum of the amount of mortgaged properties for the week was 1.31 billion, with the highest being a land in Al Thanayah Fourth, mortgaged for Dh91 million.
68 properties were granted between first-degree relatives worth Dh144 million.
UAE authorities showcase a forward-thinking approach to harnessing and regulating the sector
Transaction to finance gas carriers for Al Seer Marine and BGN
Dubai’s exhibitions, conferences, seminars and business events sector has recorded a 25%
Gllit seeks to simplify real estate transactions by directly connecting homebuyers and tenants
Ahmad Bin Shafar: Empower focuses on increasing market share in the UAE
Too many choices in the digital world can create confusion during decision-making
Venture capital market in the UAE is experiencing significant growth and development
All eight Tiraz apartment blocks finished; handovers under way, over 7,500 homes now completed at Aljada