The real estate and properties transactions valued at Dhs4 billion in total during the week ending 22 October 2020. The sum of transactions was 1,369.

A total of 67 plots were sold for Dhs266.5 million, 825 apartments and villas were sold for Dhs1.33 billion.

The top three transactions were a land in Al Thanayah Fourth sold for Dhs25.5 million, followed by a land that was sold for Dhs20.66 million in Al Merkadh, and a land sold for Dhs25.5 million in Al Thanayah Fourth in third place.

Nad Al Shiba Third recorded the most transactions for this week by 28 sales transactions worth Dhs68.81 million, followed by Jabal Ali First with 6 sales transactions worth Dhs7.55 million, and Hadaeq Sheikh Mohammed Bin Rashid with 4 sales transactions worth Dhs24 million in third place.

The top three transfers for apartments and villas were a villa was sold for Dhs167 million in Al Hebiah Fourth, an apartment was second in the list sold for Dhs137 million in Burj Khalifa, and thirdly it was an apartment sold for Dhs136 million in Marsa Dubai.

The sum of the amount of mortgaged properties for the week was 2 billion, with the highest being a land in Mugatrah, mortgaged for Dhs890 million.

102 properties were granted between first-degree relatives worth Dhs248 million.

WAM