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Dubai Records 4,000 Real Estate Transactions in the Past Week Amid Property Boom

DUBAI: The City Land Department recorded 3,903 real estate transactions worth $2.8 billion in the past week. 

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The details suggest that 208 plots were sold for $305 million while 2,906 apartments and villas were sold for $1.7 billion. 

According to a news report, three pieces of land were sold in Al Jadaf, with the top three transactions amounting to AED38.5m ($10.4m), AED38.5m, and AED37m ($10.1m) respectively. 

Moreover, among the most expensive villa and apartment transfers were a villa sold for AED150m ($41m) in Palm Jumeirah, an apartment worth AED80m ($22m) in Island 2, and another sold for AED65m ($17.7m) in Palm Jumeirah.

For the week, mortgaged properties were valued at $591 million, while 341 properties were granted to first-degree relatives worth $149 million. 

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Laila Waqar

Laila Waqar is the Content Lead at Graana.com. With a bachelor's degree from LUMS, her expertise lies in curating research-based content in line with market marketing requirements. She is a detailed-oriented professional who focuses on delivering quality content that is enlightening and engaging.

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