Dubai's week-long real estate transactions hit AED7.8 billion

Friday, 15 April 2022 21:14

By ARN News Staff

A total of 1,968 real estate transactions worth AED7.8 billion were conducted in Dubai during the week ending April 15.

According to figures released by the Dubai Land Department, 246 plots were sold for AED1.49 billion, in addition to 1,312 apartments and villas for AED 2.96 billion.

A total of 66 plots of land and 264 apartments and villas were mortgaged for AED1.07 billion and AED1.8 billion respectively.

Eighty properties were granted between first-degree relatives worth AED497.69 million.

#Dubai @Land_Department executes AED 7.8 billion in real estate transactions this week. pic.twitter.com/mcoWpZkGa8
— Dubai | دبي (@DubaiTrends) April 15, 2022

More from Business

Trump confident of deal after 'successful' US-China talks

US President Donald Trump said he was confident of hashing out a deal with President Xi Jinping, whom he is expected to meet next week, after top economic officials from both countries concluded two days of discussions on Sunday to de-escalate a trade war.
70 patents submitted by TII cement UAE's global scientific stature

The Technology Innovation Institute (TII) has announced it currently has 70 patents in process across a wide range of advanced technology fields, an achievement that reflects the high output of its nine research centres.
Global Food Week concludes with AED6.6 billion in deals

The largest edition of Global Food Week has concluded in Abu Dhabi, with 58 agreements reached over three days at a value of AED6.6 billion, reflecting a 6.5 per cent increase to the previous edition.
Ferrari aims at AI generation with crypto auction for Le Mans car

Ferrari is tapping into crypto markets and tech-rich youngsters with a planned new digital token that its wealthiest fans will be able to use in an auction for a Ferrari 499P, the endurance car that won three straight Le Mans titles.