Dubai’s real estate market recorded transactions worth $462.8 million (AED 1.7 billion) on Wednesday, 22 June, up from $380 million (AED1.2 billion) on Monday, 20 June, as the strong momentum in property demand continues.
On 22 June, Dubai witnessed the completion of 486 sales transactions worth AED 1.31 billion, in addition to 93 mortgage deals worth AED 360.57 million, and 10 gift deals amounting to AED 30.74 million, according to data released by Dubai’s Land Department (DLD).
The sales included 424 villas and apartments worth AED 1.08 billion, and 62 land plots worth AED 231.57 million.
Meanwhile, mortgages completed on Wednesday included 77 villas and apartments worth AED 187.14 million and 16 land plots valued at AED 173.44 million, bringing the total realty transactions of today to more than AED 1.7 billion.
Last week, Dubai recorded real estate and property transactions worth $1.8 billion (AED 6.7 billion) in total during the week ending Friday, 17 June.
The sales included 213 plots worth AED 1.03 billion, as well as 1,652 apartments and villas worth AED 3.8 billion.
The top three transactions included land in Palm Jumeirah sold for AED 53.85 million, followed by land sold for AED 45.1 million in Al Barsha 1, and land sold for AED 53.85 million in Palm Jumeirah.
Al Hebiah Fifth recorded the most transactions this week with 75 sales transactions worth AED 161.08 million, followed by Jabal Ali First with 37 sales transactions worth AED 122.87 million, and Al Merkadh with 30 sales transactions worth AED 301 million.
The top three transfers for apartments and villas were an apartment was sold for AED 436 million in Marsa Dubai; an apartment sold for AED 431 million in Burj Khalifa, and an apartment sold for AED 428 million in Palm Jumeirah.
The sum of mortgaged properties for the week was AED 1.67 billion, with the highest being land in Al Karama mortgaged for AED 182 million.
Shaikhani Group is working in Dubai since 1993, there was a time where 2000 Companies came and enlisted themselves as Genuine Designers, in today’s time exceptionally company survived, since of rules and controls of Dubai, Shaikhani is one of them who are still working in Dubai, this step which our pioneer of Dubai took it.
That’s the leading since it'll control the request and supply, also, it would be exceptionally advantageous for the client to have a variety of his choice within the same cost plan.
Dubai may be an endless city where each culture life in and Dubai’s government is taking actions to create beyond any doubt it'll be useful to all societies. They have distinctive ventures which are still in advance before long it'll be handover, those ventures are Gardenia, Champions Tower 3, Cambridge Trade Middle, and others are in pipeline. Usually the benchmark and trustiness of the company that in case you contribute with them, it'll be secure and productive in future. Encourage points of interest to visit their site www.shaikhanigroup.com