June 26, 2022
1 min read

Dubai records AED 8 billion of weeklong real estate transactions

The sum of the amount of mortgaged properties for the week was AED 2.73 billion. 77 properties were granted between first-degree relatives worth AED 151 million…reports Asian Lite News

Dubai has recorded 2,624 real estate and properties transactions at a value of AED 8 billion in total during the week ending 24th June 2022.

The DLD report said that 274 plots were sold for AED 1.15 billion, while apartment and villa sales totalled 1,757 at a value AED 4 billion.

The top three transactions were a land in Palm Jumeirah sold for AED 126.25 million, followed by a land that was sold for AED 52.53 million in Al Thanayah Fourth, and a land sold for AED 26 million in Umm Suqeim Third.

Al Hebiah Fifth recorded the most transactions for this week with 154 sales transactions worth AED 333.49 million, followed by Jabal Ali First with 29 sales transactions worth AED 88.95 million, and Al Merkadh with 17 sales transactions worth AED 130 million in third place.

Meanwhile, Burj Khalifa came in first in terms of number of transfers for apartments and villas recording 223 transactions worth AED 632 million, with Marsa Dubai ranking second with 173 transactions worth AED 527 million, and Al Jaddaf in third with 151 transactions worth AED 203 million.

The sum of the amount of mortgaged properties for the week was AED 2.73 billion. 77 properties were granted between first-degree relatives worth AED 151 million.

ALSO READ-Abu Dhabi to launch new industrial strategy

Previous Story

AD Ports Group receives top honours

Next Story

DEWA’s R&D Centre received 16 high-level delegations in Q1 2022

Latest from Business

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding

India Bats for Fairer Global Finance: FM Sitharaman

FM Sitharaman stated that we believe that optimal regulation fosters innovation and stability….reports Asian Lite News India supports reforms to the international financial architecture to enhance inclusivity and equity, including Multilateral Development
Go toTop

Don't Miss

UAEU to align its strategy with 10 guiding principles

The Council of the UAE University met recently, under the

Emirates steel contributed more than 60 percent to expo 2020

Emirates Steel supplied 2,500 metric tonnes of heavy sections and