Transaction to finance gas carriers for Al Seer Marine and BGN
Dubai real estate sector recorded 2,785 real estate transactions worth Dh10.3 billion during the week ending February 10, 2023, according to the Dubai Land Department (DLD) data.
The DLD report revealed that 311 plots were sold for Dh2 billion, while 1,999 apartment and villa sales totalled Dh4.59 billion.
The top three transactions were a land in Wadi Al Safa 2 sold for Dh78 million, followed by an Dh55 million land in Um Suqaim Second, and another worth Dh50 million in Palm Jumeirah.
Al Hebiah Fifth recorded the most transactions for this week with 130 sales transactions worth Dh399.18 million, followed by Al Yufrah 1 with 51 sales transactions worth Dh301.69 million, and Jabal Ali First with 23 sales transactions worth Dh124 million.
The top three apartment and villa transfers were a villa sold for Dh183 million in Palm Jumeirah, an apartment worth Dh156 million in Business Bay, and an apartment sold for Dh117 million in Al Wasl.
The value of mortgaged properties for the week stood at Dh3.48 billion, while 88 properties were granted between first-degree relatives worth Dh292 million.
— muzaffarrizvi@khaleejtimes.com
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
Sebi has recently cautioned Indian investors against trading through the FPI route