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Wednesday, July 28, 2021

Property transactions in Dubai reach 7.7 billion dirhams; DLD

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Dubai Land Department (DLD) announced an aggregate of 1,982 real estate and properties transactions with a gross worth of Dhs7.7 billion during the week finishing 24th June 2021.

As indicated by the DLD week after week report, 98 plots were sold for Dhs685.29 million, 1,336 apartments and villas were sold for Dhs2.59 billion.

Al Hebiah Third recorded the most transactions during the current week by 16 deals transactions worth Dhs45.14 million, trailed by Hadaeq Sheik Mohammed Bin Rashid with 13 deals transactions worth Dhs126.03 million, and Nad Al Shiba First with 12 deals transactions worth Dhs32 million in third spot.

As far as the quantity of apartment and villa deals transactions, Marsa Dubai came in first with 131 transactions esteemed at Dhs342 million, trailed by Al Thanyah Fifth with 119 transactions esteemed at Dhs119 million, while Dubai Investment Park First positioned third, recording 117 transactions worth Dhs335 million.

The gross worth of sold properties for the week arrived at Dhs4.32 billion, with the most elevated being a land in Business Bay, sold for Dhs1 billion.

73 properties were conceded between first-degree family members worth Dhs112.57 million.

Independently, Dubai Land Department has proceeded with its resolute endeavors to advance a-list wellbeing and security norms in the emirate’s properties by authoritatively embracing the WELL Health-Safety Rating, as well as affirming its proposal to different important specialists to carry out the program to focus on the wellbeing and security of individuals in different jointly owned properties (JOPs)across Dubai.

Through its Real Estate Regulatory Agency (RERA), DLD and the International WELL Building Institute (IWBI) have consented to cooperate to urge associations to line up with the WELL Health-Safety Rating and upgrade financial investor certainty.

 

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