Dubai Land Department says there was a total of 1,746 transactions in the week ending April 1
Dubai’s real-estate and property transactions reached a total of $1.9 billion (AED 7.1 billion) across 1,746 transactions during the week ending April 1.
In comparison, the number of transactions in the previous week was 1,131, with a total value of AED 3 billion.
The largest transaction was for a plot at Madinat Dubai Almelaheyah that sold for AED 212.6 million, followed by a plot in Hadaeq Sheikh Mohammed Bin Rashid that sold for AED 53 million. In third place was a piece of land in Madinat Dubai Almelaheyah that sold for AED 212.6 million.
Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions with 28, worth a total of AED 223.92 million. Nad Al Shiba followed with 22, worth a total of AED 55.3 million, followed in turn by Al Hebiah with 8, worth a total of AED 26 million.
The top three most expensive apartment sales were a unit worth AED 202 million in Palm Jumeirah, followed by AED 190 million for a property in Marsa Dubai and AED 188 million for an apartment in Burj Khalifa.
The sum of the mortgages taken for properties during the week was AED 4 billion, with the highest value being a plot in Marsa Dubai that was mortgaged for AED 2 billion.
Finally, 86 properties worth AED 193 million were transferred between first-degree relatives.
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