Summary of Weekly Real Estate Transactions for the Week Ending 18 February 2022.

Dubai, UAE - February 18, 2022:  The real estate and properties transactions valued at 4.5 billion AED in total during the week ending 18 February 2022. The sum of transactions was 2,098.

 252 plots were sold for AED 1.1 billion, 1,437 apartments and villas were sold for AED 2.47 billion.

 The top three transactions were a land in Palm Jumeirah sold for AED 60 million, followed by a land that was sold for AED 38.79 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for AED 60 million in Palm Jumeirah in third place.

Al Hebiah Fifth recorded the most transactions for this week by 90 sales transactions worth AED 201.51 million, followed by Jabal Ali First with 57 sales transactions worth AED 140.61 million, and Al Hebiah Fourth with 39 sales transactions worth AED 332 million in third place.

 The top three transfers for apartments and villas were an apartment was sold for AED 500 million in Marsa Dubai, an apartment was second in the list sold for AED 214 million in Al Merkadh, and thirdly it was an apartment sold for AED 174 million in Burj Khalifa.

The sum of the amount of mortgaged properties for the week was 955.1 million, with the highest being a land in Island 2, mortgaged for AED 158 million.
56 properties were granted between first-degree relatives worth AED 54 million.