Dubai’s weekly property deals increase to their highest level this month, as more investors snapped up flats, villas, and plots over the emirate, as per the latest data from the Dubai Land Department (DLD).
The total cost of homes, plots, and other properties dealt during the week ending March 18, 2021, costing 5.7 billion dirhams ($1.5 billion), the highest so far this month.
This week’s whole cost of the deal is up by 18.8 percent in comparison to the 4.8 billion dirhams accounted in the previous week and up by 26 percent from the 4.5 billion dirhams recorded in the first week of March.
The busiest day for the real estate deal this week was in the previous Sunday, with whole deals hitting 2.3 billion dirhams in one day.
Among those sold this week were 104 plots for 548.87 million dirhams and 900 apartments and villas costing 2.16 billion dirhams.
The highest deal was for the purchase of land in Wadi Al Safa 3 that sold for 41.16 million dirhams, then comes a piece of land that was costing for 29.35 million dirhams in Al Thanayah Fourth, and another plot bought for 41.16 million dirhams in Wadi Al Safa 3.
The value of home loan properties for the week touched 3 billion dirhams, with the highest being land in the Burj Khalifa area that was home loaned for 1 billion dirhams.