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Tuesday, June 15, 2021

Dubai real estate transactions hit 4.3 billion dirhams

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A total of 1,733 real estate and property transactions valued at Dhs4.3 billion were enlisted during the week finishing fifteenth April, 2021. 135 plots were sold for Dhs630.04 million, 1,107 apartments and estates were sold for Dhs2.05 billion.

The main three transactions were a land in Hadaeq Sheik Mohammed Bin Rashid sold for Dhs53 million, trailed by a land that was sold for Dhs51.4 million in Wadi Al Safa 3, and a land sold for Dhs53 million in Hadaeq Sheik Mohammed Bin Rashid in third spot.

Al Hebiah Third recorded the most transactions during the current week by 22 sales transactions worth Dhs54.07 million, trailed by Hadaeq Sheik Mohammed Bin Rashid with 21 sales transactions worth Dhs188.92 million, and Nad Al Shiba Third with 17 sales transactions worth Dhs44 million in third spot.

The main three exchanges for apartments and manors were a loft was sold for Dhs289 million in Marsa Dubai, an estate was second in the rundown sold for Dhs239 million in Hadaeq Sheik Mohammed Bin Rashid, and thirdly it was a condo sold for Dhs145 million in Burj Khalifa.

The amount of the measure of sold properties for the week was Dhs1 billion, with the most noteworthy being a land in Al Mamzer, sold for Dhs490 million.

73 properties were allowed between first-degree family members worth Dhs359 million.

Dubai Land Department has delivered as of late the discoveries of its real estate release, which mirrored the adaptability of Dubai’s real estate sector since the start of 2021 and its variation to the current conditions identified with the flare-up of COVID-19.

As per the real estate announcement, named, ‘Real Estate Updates,’ 3,036 new financial backers entered the market in January and February 2021, addressing 62 percent of the total number of financial backers during a similar period.

The tough nature of the sector in Dubai has supported the trust of local and international financial backers in the emirate’s real estate environment and contributed to the coherence of the progression of real estate ventures from the start of the year, arriving at Dhs14 billion before the finish of February 2021.

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