Latest News

DLD reports USD 1.9bn weeklong real estate transactions in Dubai

I’ll be stopping here on the way to our Lisbon, Portugal Photo Adventure workshop at – come find out more – it’s gonna be epic! How beautiful is Dubai? I love coming here to take photos and explore the city. For this shot, I was invited through the royal family and a friend to get up onto a building that was about half a mile in the air. This allowed me to be able to shoot straight across at the Burj Khalifa. Most photos you see have it leaning inwards because it’s so tall and shot with a wide angle upwards… those are cool, but so is this angle!

The real estate and properties transactions valued at AED 7.1 billion (USD 1.9bn) in total during the week ending 01 April 2021, according to Dubai Land Department (DLD).

The DLD weekly real estate report said the sum of transactions was 1,746, 103 plots were sold for AED 722.02 million, 1,116 apartments and villas were sold for AED 2.05 billion.

The top three transactions were a land in Madinat Dubai Almelaheyah sold for AED 212.6 million, followed by a land that was sold for AED 53 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for AED 212.6 million in Madinat Dubai Almelaheyah in third place.

Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions for this week by 28 sales transactions worth AED 223.92 million, followed by Nad Al Shiba Third with 22 sales transactions worth AED 55.3 million, and Al Hebiah Third with 8 sales transactions worth AED 26 million in third place.

The top three transfers for apartments and villas were an apartment was sold for AED 202 million in Palm Jumeirah, an apartment was second in the list sold for AED 190 million in Marsa Dubai, and thirdly it was an apartment sold for AED 188 million in Burj Khalifa.


Read more opinions >