Photo used for illustrative purpose.
Staff Reporter, Gulf Today
The real estate and properties transactions in Dubai valued at Dhs6.6 billion in total during the last week. The sum of transactions was 2,259. 197 plots were sold for Dhs1.15 billion, 1,628 apartments and villas were sold for Dhs3.52 billion.
The top three transactions were a land in Business Bay sold for Dhs72.24 million, followed by a land that was sold for Dhs71 million in Al Thanayah Fourth, and a land sold for Dhs72.24 million in Business Bay in third place.
Al Hebiah Fifth recorded the most transactions for this week by 76 sales transactions worth Dhs172.51 million, followed by Jabal Ali First with 24 sales transactions worth Dhs121.38 million, and Al Yufrah 2 with 15 sales transactions worth Dhs21 million in third place.
Meanwhile, a leading UAE real estate developer, is organising a special sales day at the Sofitel Abu Dhabi on Sunday .
The company is making a special offer for the "Diva" project on Yas Island, in addition to retail stores in all projects, with 15% price discount, 15% down payment, and 1% monthly installments until handing over.
The event also give a special offer that includes the rest of the projects, and gives a 10% discount, with only 10% down payment, and 1% monthly installments until hand over.
Islam Ahmed Suleiman, CEO, Reportage Properties confirmed that the real estate market in the UAE is quite robust with remarkable activities nowadays, thanks to the successive government initiatives aimed at enhancing economic activity in Abu Dhabi. He pointed to the high demand for all of the company's projects in Abu Dhabi and Dubai.
He said that the retail market in the UAE is going through a recovery phase amid a noticeable rise in demand for commercial units and space.
Suleiman indicated that Reportage Properties is keen to organise more sales events, and make special offers and discounts, whether on residential or commercial units and shops, that fulfill the requirements of all customers.
The top three transactions were a land in Madinat Dubai Almelaheyah sold for Dhs212.6 million, followed by a land that was sold for Dhs53 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs212.6 million in Madinat Dubai Almelaheyah in third place.
The new projects include a Dhs130m Samana Park Views, a Dhs165m Samana Waves and a Dhs110m Samana Golf Avenue-II, located in Arjan, Jumeirah Village Circle and Dubai Studio City respectively.
The Dubai property market witnessed substantial growth in 2021 after a brief setback in 2020 due to the global pandemic. The V-shaped recovery is evident as the demand and prices of properties in various areas are on the rise.
Data from Dubai Land Department (DLD) showed that the first working Friday witnessed 173 sales transactions worth Dhs2.38 billion, 12 of which were plots of land worth Dhs451.16 million and 161 were apartments and villas worth Dhs1.93 billion.
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