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Dubai reports AED5.6bn worth of real estate deals


Dubai / Gulf Time

Dubai saw the completion of 1,392 real estate transactions valued at AED5.6 billion during the week ending December 30, according to the Dubai Land Department (DLD).
The DLD weekly report said 98 plots were sold for AED685.36 million, along with 994 apartments and villas for AED1.93 billion.
The top three transactions were for a land in Island 2 sold for AED80 million, followed by a land that was sold for AED79.5 million in Jabal Ali First, and a land sold for AED80 million in Island 2 in third place.
Nad Al Shiba 3 recorded the most transactions for this week by 22 sales transactions worth AED60.55 million, followed by Wadi Al Safa 5 with 20 sales transactions worth AED94.43 million, and Jabal Ali First with 9 sales transactions worth AED103 million in third place.
The top three transfers for apartments and villas were an apartment which was sold for AED310 million in Marsa Dubai, an apartment in the Business Bay was sold for AED143 million, and the third apartment was sold for AED129 million in Burj Khalifa.
The sum of the amount of mortgaged properties for the week was AED2.69billion, with the highest being a land in Al Safouh Second, mortgaged for AED527 million.
As many as 60 properties were granted between first-degree relatives worth AED301 million.

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