December 27, 2020
1 min read

Dubai Real Estate Back on Track

 The real estate and properties transactions were valued at AED4.6 billion in total during the week ending 24 December 2020, according to the Department of Land and Property in Dubai.

A total of 92 plots were sold for AED482.59 million; 808 apartments and villas were sold for AED1.32 billion.

The top three transactions were a plot of land in Palm Jumeirah sold for AED 60 million; followed by another sold for AED 54.85 million in Saih Shuaib 4; and another one sold for AED60 million in Palm Jumeirah in the third place.

Nad Al Shiba First recorded the most transactions for this week by 18 sales transactions worth AED43.08 million, followed by Al Thanyah Fifth with 13 sales transactions worth AED23.55 million, and Nad Al Shiba Third with 11 sales transactions worth AED27 million in third place.

The top three transfers for apartments and villas were an apartment sold for AED 230 million in Marsa Dubai; another sold for AED105 million in Business Bay; while the third was sold for AED94 million in Burj Khalifa.

The sum of the amount of mortgaged properties for the week was AED3 billion, with the highest being a land in Al Yelayiss 2, mortgaged for AED1 billion.

A total of 43 properties were granted between first-degree relatives worth AED194 million.

Also Read: Oman’s Real Estate Deals Fall 19.5% In May

Also Read: India’s Real Estate Sector Limping Back: Report

Previous Story

London Traveller Is Sweden’s First Mutant Virus Case

Next Story

Abu Dhabi’s EAD Wins Award For ‘Outstanding Contribution’

Latest from Arab News

Gaza Truce Signed, Key Players Missing

Sisi reiterated support for the implementation of the Gaza ceasefire plan, stressing that the agreement must be “solidified and all its phases implemented…reports Asian Lite News A document formalising the recently brokered

Hamas Frees Captives

The Israeli Air Force announced that it has completed its preparations to receive hostages returning from Gaza to Israel….reports Asian Lite News The Red Cross has taken custody of the first group

Fragile Peace Returns to Gaza

Carrying bags, blankets, and a few salvaged belongings, families walked through the dusty highway under the afternoon sun. Many pushed carts or led donkeys loaded with what was left of their possessions.

Egypt to Host Gaza Peace Talks

Cairo summit aims to end war and open a new chapter for regional stability. The summit will gather leaders and senior officials from more than 20 countries, including the United Kingdom, France,

GAZA: UK TO JOIN TALKS IN CAIRO

Starmer to attend Egypt peace summit as Gaza ceasefire takes hold. According to Egypt’s state-run Middle East News Agency (MENA), the Sharm el-Sheikh Peace Summit will bring together leaders and representatives from
Go toTop