Summary of weekly real estate transactions for the week ending 15 October 2020

Summary of weekly real estate transactions for the week ending 15 October 2020

Dubai, UAE: The real estate and properties transactions valued at AED 2.7 billion in total during the week ending 15 October 2020. The sum of transactions was 1,014.

38 plots were sold for AED 204.99 million, 654 apartments and villas were sold for AED 1.36 billion.

The top three transactions were a land in SaihShuaib 4 sold for AED 52.51 million, followed by a land that was sold for AED 15.5 million in Al Merkadh, and a land sold for AED 52.51 million in SaihShuaib 4 in third place.

Nad Al Shiba Third recorded the most transactions for this week by 7 sales transactions worth AED 17.59 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 5 sales transactions worth AED 23.87 million, and Al Merkadh with 4 sales transactions worth AED 51 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 161 million in Palm Jumeirah, an apartment was second in the list sold for AED 138 million in Marsa Dubai, and thirdly it was a villa sold for AED 102 million in Al Hebiah Fourth.

The sum of the amount of mortgaged properties for the week was 850 million, with the highest being a land in Marsa Dubai, mortgaged for AED 268 million.

59 properties were granted between first-degree relatives worth AED 288 million.