The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / WAM
A total of 2,338 real estate transactions worth AED7.3 billion were conducted during the week ending October 14, according to figures released by the Dubai Land Department.
A total of 106 plots were sold for AED1.76 billion, and 1,791 apartments and villas were purchased for AED3.81 billion.
The top three transactions were two lands sold for AED600 million and AED206.52 million in Palm Jumeirah, followed by another land sold for AED44 million in Al Satwa.
Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions for this week by
22 sales transactions worth AED475.41 million, followed by Jabal Ali First with nine transactions worth AED 26 million.
and Al Hebiah Fifth with 9 transactions worth AED 20.3 million.
The sum of the amount of mortgaged properties for the week was AED 1.49 billion, with the highest being a land in Island 2, mortgaged for AED 271 million.
77 properties were granted between first-degree relatives worth AED 249 million, the DLD stated.