Dubai's October real estate transactions surge to $1.08bn


A total of 1,369 real estate and properties transactions worth AED4 billion ($1.08 billion) were registered during the week ending October 22. 
Around 67 plots were sold for AED266.5 million ($72.5 million) in addition to 825 apartments and villas worth AED1.33 billion ($362 million).
The top three transactions were a land in Al Thanayah Fourth sold for AED25.5 million, followed by a land that was sold for AED20.66 million in Al Merkadh, and a land sold for AED25.5 million in Al Thanayah Fourth in third place.
Nad Al Shiba Third recorded the most transactions for this week by 28 sales transactions worth AED68.81 million, followed by Jebel Ali First with 6 sales transactions worth AED7.55 million, and Hadaeq Sheikh Mohammed Bin Rashid with 4 sales transactions worth AED24 million in third place.
The top three transfers for apartments and villas were a villa was sold for AED167 million in Al Hebiah Fourth, an apartment was second in the list sold for AED137 million in Burj Khalifa, and thirdly it was an apartment sold for AED136 million in Marsa Dubai.
The sum of the amount of mortgaged properties for the week was AED2 billion, with the highest being a land in Mugatrah, mortgaged for AED890 million.-TradeArabia News Service
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