One-week real estate transactions in Dubai valued at 6.8 billion Dhs

The main transactions were land in Nadd Hessa sold for 189.65 million Dhs.

Property and real estate transactions valued at AED6.8 billion in total during the week ending March 25, 2022, according to the Dubai Land Department (DLD).

The DLD’s weekly real estate report indicates that the sum of transactions was 2,461.

330 plots were sold for 1.65 billion Dhs, 1,653 apartments and villas were sold for 3.42 billion Dhs.

The main transactions were land in Nadd Hessa sold for 189.65 million Dhs, followed by land which was sold for 90.07 million Dhs to Palm Jumeirah.

Al Hebiah Fifth recorded the highest number of deals this week with 164 sell deals worth Dhs 335.52 million, followed by Al Merkadh with 43 sell deals worth Dhs 324.36 million. Dhs and Wadi Al Safa 5 with 26 sale transactions worth Dhs 113 million in third place.

The top three apartment and villa transfers were an apartment sold for Dhs 459 million in Marsa Dubai, an apartment sold for Dhs 444 million in Burj Khalifa and an apartment sold for Dhs 278 million in Business Bay.

The sum of the amount of mortgaged properties for the week was Dhs 1.54 billion, the highest being land at Al Qusais First, mortgaged for Dhs 320 million. 124 properties were granted between first-degree relatives worth 210 million Dhs.

Earlier, property and real estate transactions valued at Dhs 13.4 billion in total during the week ending March 11, 2022, according to the Dubai Land Department (DLD).

The weekly report of DLD indicates that the sum of transactions was 2,333. 245 plots were sold for 2.09 billion Dhs, 1,542 apartments and villas were sold for 3.29 billion Dhs. Among the major deals was land at Trade Center Second sold for Dhs 198.15 million, followed by land that was sold for Dhs 160.14 million at Palm Jumeirah.

Al Merkadh registered the most transactions this week with 74 sale transactions worth 790.01 million Dhs; followed by Al Hebiah Fifth with 53 sale transactions worth 113.52 million Dhs; and Wadi Al Safa 5 with 33 sales transactions worth Dhs 170 million in third place.

The top three apartment and villa transfers were an apartment sold for Dhs 392 million in Marsa Dubai; an apartment was second in the list sold for 359 million Dhs in Burj Khalifa; and thirdly, it was an apartment sold for 287 million Dhs in Al Wasl.

The sum of the amount of properties mortgaged for the week was 3.83 billion Dhs, the highest being a building in Palm Jumeirah, mortgaged for 1 billion Dhs.

145 properties were granted between first-degree relatives for a value of 4 billion Dhs.

International Real Estate Fair: Investors from Spain, Austria, Serbia and Montenegro, USA, Canada, Ecuador and Mexico will attend the International Real Estate Fair (IPS) 2022. It will be held from March 24 to 26, 2022 at the Dubai International Exhibition and Convention Centre. , IPS 2022 serves as a powerful platform that connects local and international property developers with property investors around the world.

“Global city status, excellent infrastructure, world-class facilities and easy visa options are just some of the many factors attracting global investors to the Dubai property market,” said Dawood Al Shezawi. , Chairman of the Strategic Exhibition and Conference and Head of the Organizing Committee of the 2022 International Real Estate Show. investment offered.”

Key visiting delegates include David Moya Allvarez, CEO – Business Principal Properties, Spain; Carlos Martinez-Jarabo, CEO of Admentum, Spain; Martin Moassler, General Manager of Graz Science Park, Austria; Slavisa Pesic, owner Riznica, Serbia; Veljko Nikolic, CEO, Pegaz Real Estate, Serbia; Nikola Perovicazz; Managing Director, SEEUROPE CONSULT, Montanegro; Santiago Gangotena, Founder and Chancellor Universidad San Franscisco De Quito, Ecuador; Daniel Silverman Vice President FDI, Investissement Québec International, Canada; Mario García Dávila, Co-Founder and Managing Partner, AngelHub Ventures, Mexico; Fernanda Cardoso, Realtor Tampa Bay Key, USA and Luciane Serifovic, CEO Luxian International Realty, USA.

Al Shezawi said, “These investors are part of an international delegation of over 600 global high net worth (HNI) real estate investors who will also be attending IPS 2022. The global delegation program aims to explore new opportunities for the property investment. in Dubai, where investors will participate in a series of presentations and intensive meetings. »

Representing various countries from Europe, North America, Latin America, Asia and Africa, the delegation will represent a qualitative addition to the visitor portfolio of IPS 2022.

According to reports, the Dubai property market registered 84,772 transactions worth Dhs 300 billion in 2021. There was a 65% growth in the number of transactions and a 71% increase in value compared to 2020.

W.A.M.

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