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Dubai records Dh2.9 billion realty sales

Staff Report/Dubai
Filed on November 5, 2020
The sum of the amount of mortgaged properties for the week was one billion, with the highest being a land in Nadd Hessa, mortgaged for Dh198 million.

As many as 44 plots were sold for Dh176.48 million while 854 apartments and villas were sold for Dh1.49 billion

The real estate and properties transactions valued at Dh2.9 billion in total through 1,241 deals during the week ending November 5, 2020, latest data shows.

As many as 44 plots were sold for Dh176.48 million while 854 apartments and villas were sold for Dh1.49 billion, according to the Dubai Land Department.

The top three transactions were a land in Al Merkadh sold for Dh16.33 million, followed by a land that was sold for Dh12.6 million in Al Barsha South Fourth, and a land sold for Dh16.33 million in Al Merkadh in third place.

Jabal Ali First recorded the most transactions for this week by 16 sales transactions worth Dh27.49 million, followed by Nad Al Shiba Third with five sales transactions worth Dh12.07 million, and Al Merkadh with five sales transactions worth Dh61 million in third place.

The top three transfers for apartments and villas were an apartment was sold for Dh257 mil-lion in Marsa Dubai, an apartment was second in the list sold for Dh102 million in Burj Khalifa, and thirdly it was a villa sold for Dh96 million in Al Hebiah Fourth.

The sum of the amount of mortgaged properties for the week was one billion, with the highest being a land in Nadd Hessa, mortgaged for Dh198 million.

As many as 43 properties were granted between first-degree relatives, an individual’s parents, siblings, children, or a fully owned company by an individual, worth Dh142 million.

-- - business@khaleejtimes.com





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