A total of 1,581 real estate and property transactions valued at AED 7 billion took place during the week ending 05 August 2021, according to Dubai Land Department (DLD).

According to DLD’s weekly report, 91 plots were sold for AED 715.83 million, while 1,083 apartments and villas were sold for AED 2.53 billion.

There were three top deals:- land sold in Me’Aisem First for AED 62 million, land sold in Almelaheyah for 40 million AED, and land sold for 62 million AED in Me’Aisem First.

Sheikh Mohammed Bin Rashid recorded 18 sales transactions worth AED 275.76 million this week, followed by Jumeirah First with 15 sales transactions worth AED 153.34 million, and Nad Al Shiba First with 11 sales transactions worth AED 32 million in third place.

The top three transfers for apartments and villas were AED 508 million for an apartment in Marsa Dubai, AED 301 million for an apartment in Burj Khalifa, and AED 166 million for an apartment in Palm Jumeirah.

The sum of mortgaged properties for the week amounted to 4 billion, with a land mortgaged for 930 million AED on Palm Jumeirah being the highest.

An amount of AED 270 million was given between first-degree relatives in the form of 35 properties.

Source: propertynews