July 9, 2021
1 min read

Dubai sees AED5.3 bn of weeklong real estate transactions

102 plots were sold for AED628.89 million, 1,164 apartments and villas were sold for AED2.35 billion…reports Asian Lite News

A total of 1,705 real estate and properties transactions valued at AED5.3 billion were recorded in total during the week ending 8th July 2021, according to Dubai Land Department (DLD).

102 plots were sold for AED628.89 million, 1,164 apartments and villas were sold for AED2.35 billion, the DLD weekly report noted.

The top three transactions were a land in Hadaeq Sheikh Mohammed Bin Rashid sold for AED86 million, followed by a land that was sold for AED61 million in Island 2, and a land sold for AED86 million in Hadaeq Sheikh Mohammed Bin Rashid in third place.

Nad Al Shiba First recorded the most transactions for this week by 17 sales transactions worth AED39.06 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 16 sales transactions worth AED 204.95 million, and Jumeirah First with 12 sales transactions worth AED102 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED374 million in Marsa Dubai, an apartment was second in the list sold for AED216 million in Burj Khalifa, and thirdly it was an apartment sold for AED200 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was AED1 billion, with the highest being a land in Business Bay, mortgaged for AED250 million.

97 properties were granted between first-degree relatives worth AED984 million.

ALSO READ: Dubai high-rise construction makes a comeback

Previous Story

UAE, US discuss combatting money laundering & terror financing

Next Story

New Delhi rejects OIC offer to assist India-Pak talks

Latest from -Top News

Khaleda Zia Returns to Bangladesh

As Khaleda Zia travelled to her Gulshan residence from the airport, hundreds of party workers lined the streets to welcome her return…reports Asian Lite News BNP Chairperson Khaleda Zia Returns to Dhaka

UNSC Grills Pakistan Over Pahalgam Attack

Though Pakistan claimed that the meeting largely served and achieved the objectives of the UNSC’s meeting, reports showed that it flopped miserably…reports Asian Lite News The United Nations Security Council (UNSC) reportedly

Pakistan’s Terror Link “No Secret”: Bilawal Bhutto

Zardari stated that Pakistan’s intelligence services have since changed course and no longer collaborate with extremist elements..reports Asian Lite News Bilawal Bhutto Zardari, former Foreign Minister of Pakistan, has openly acknowledged Pakistan’s
Go toTop

Don't Miss

UAE Football Association, Expo 2020 to organise All-Star Exhibition Game

The event aims to be a highlight in UAE’s footballing

All-new Audi RS3 showcased in Dubai

The RS3 was showcased at the Flat 12 Café in