Dubai real estate: $3.75bn of property deals this week, Palm Jumeirah home sold for $32m

Dubai real estate this week

Al Goze Second recorded the most transactions for the week, with 271 sales transactions worth AED4.4bn ($1.2bn), followed by Al Hebiah Fifth with 142 sales transactions worth AED384.78m ($105m), and Madinat Hind 4 with 45 sales transactions worth AED60m ($16.3m) in third place.

The most expensive apartments or villa villas this week was a home sold for AED116m ($31.6m) in Palm Jumeirah.

This was followed by a property sold for AED74m ($20.1m) in Madinat Dubai Almelaheyah and an apartment sold for AED71m ($19.3m) in Palm Jumeirah.

The sum of mortgaged properties for the week was AED1.53bn ($417m), with the highest being a land in Nad Al Shiba Third, mortgaged for AED229m ($62m).

96 properties were granted between first-degree relatives worth AED426m ($116m).