AED 7 billion in weeklong real estate transactions in Dubai

 The real estate and properties transactions valued at AED 7 billion in total during the week ending 04 March 2022, according to the Dubai Land Department (DLD).


The DLD weekly report said the sum of transactions was 2,131.


A total of 229 plots were sold for AED 1.44 billion and 1,455 apartments and villas were sold for AED 3.29 billion.


The top three transactions were a land in Marsa Dubai sold for AED 412.95 million, followed by a land that was sold for AED 60.89 million in Al Wasl, and a land sold for AED 412.95 million in Marsa Dubai in third place, UAE news agency WAM reported.


Al Hebiah Fifth recorded the most transactions for this week with 90 sales transactions worth AED 203.19 million, followed by Jabal Ali First with 29 sales transactions worth AED 97.55 million, and Wadi Al Safa 5 with 22 sales transactions worth AED 109 million in third place.


 The top three transfers for apartments and villas were an apartment sold for AED 545 million in Palm Jumeirah, an apartment that was second on the list, sold for AED 289 million in Marsa Dubai, and thirdly, an apartment sold for AED 261 million in Al Khairan First.


The total amount of mortgaged properties for the week was 2.17 billion, with the highest being a plot of land in Hadaeq Sheikh Mohammed Bin Rashid, mortgaged for AED 529 million.


59 properties were granted between first-degree relatives worth AED 164 million.




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