26.3 C
Monday, December 4, 2023

WORLD NEWS | Dubai records AED12.5 billion in one-week real estate deals


Streaks of light seen in California. (Image source: video capture)

dubai [UAE]June 17 (ANI/WAM): There were 3,625 real estate transactions worth AED12.5 billion in the week ending June 16, 2023, according to Dubai Land Department.

A total of 189 plots were sold for AED 2.28 billion, and 2,753 apartments and villas were sold for AED 7.01 billion.

Read also | Brazil: The emergency door of a Brazilian airliner suddenly opened mid-flight, causing panic on board (watch the video).

The top three deals were land at Palm Jumeirah for AED 167.88 million, followed by land in Business Bay for AED 136 million and land in Al Thanyah First for AED 125 million sold for dirhams.

Al Hebiah Fifth had the most transactions this week with 34 transactions worth AED 88.58 million, followed by Wadi Al Safa 3 with 24 transactions worth 28 million dirhams.

Read also | Prime Minister Narendra Modi US fan video: Maryland fan showing off ‘NMODI’ license plate says Prime Minister Narendra Modi is an inspiration to me.

The top three places for apartment and villa transfers were an apartment in Island 2 sold for AED 112 million, an apartment in Palm Jumeirah for AED 86 million and third An apartment in Marsa sold for Dh80m in Dubai.

The total amount of mortgaged properties this week was AED 2.88 billion, the highest of which was land in Al Wasl with an amount of AED 761 million.

A total of 114 properties worth Dh415 million were awarded between first-degree relatives. (ANI/WAM)

(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)


Source link

Related Articles

Bridging Quality and Affordability: An Entrepreneur’s Tale

How did you start your business? "When the COVID-19 pandemic struck, it brought unprecedented challenges to businesses and consumers alike. During this time, I noticed...

Rapid Supplies International Expands Footprint with Six State-of-the-Art HORECA Stores in GCC

Rapid Supplies, the Middle East's Leading Hotel and Restaurant Supplier, is thrilled to announce the upcoming inauguration of its state-of-the-art HORECA Cash and Carry...

Experience Tranquility and Luxury at Find Yourself Retreat – Bali

In a world that moves at a breakneck pace, the quest for a sanctuary of peace and rejuvenation has never been more prevalent. Wellness...

“Former U.S. Government Official Taken into Custody Following Viral Video of Harassment Against Halal Street Vendor”

Halal Street Vendor In a significant turn of events, Stuart Seldowitz, a 64-year-old former U.S. State Department official, was arrested by the New York...

“Qatar Announces Gaza Ceasefire Commencing at 7 AM Friday, Followed by Prompt Aid Delivery”

In a significant development, Qatar officially announced a ceasefire in the Israel-Hamas war, set to begin at 7 am on Friday. The declaration was...

Latest Articles