Dubai’s week-long real estate transactions reach Dhs7 billion

A total of 1,581 real estate and properties transactions were valued at Dhs7 billion in total during the week ending August,5, 2021, according to Dubai Land Department (DLD).

The DLD weekly report said 91 plots were sold for Dhs715.83 million, 1,083 apartments and villas were sold for Dhs2.53 billion.

The top three transactions were a land in Me’Aisem First sold for Dhs62 million, followed by a land that was sold for Dhs40 million in Madinat Dubai Almelaheyah, and a land sold for Dhs62 million in Me’Aisem First in third place.

Hadaeq Sheikh Mohammed Bin Rashid recorded the most transactions for this week by 18 sales transactions worth Dhs275.76 million, followed by Jumeirah First with 15 sales transactions worth Dhs153.34 million, and Nad Al Shiba First with 11 sales transactions worth Dhs32 million in third place.

The top three transfers for apartments and villas were an apartment was sold for Dhs508 million in Marsa Dubai, an apartment was second in the list sold for Dhs301 million in Burj Khalifa, and thirdly it was an apartment sold for Dhs166 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was 4 billion, with the highest being a land in Palm Jumeirah, mortgaged for Dhs930 million.

35 properties were granted between first-degree relatives worth Dhs270 million.

According to Dubai Land Department recent report a total of 1,617 real estate and properties transactions were valued at Dhs5.4 billion during the week ending 29 July 2021. The DLD weekly report said 88 plots were sold for Dhs620.22 million, 1,135 apartments and villas were sold for Dhs2.27 billion. The top three transactions were a land in Island 2 sold for Dhs121 million, followed by a land that was sold for Dhs50.27 million in Palm Deira, and a land sold for Dhs121 million in Island 2 in third place.

Creek Views I: Azizi Developments, a leading private developer in the UAE, has announced that Creek Views I, an exceptionally well-connected residential development in Dubai Healthcare City, is now over 72 per cent complete.

The 19-storey development features 634 residences, comprising 396 studios, 218 one- and 20 two-bedroom units, as well as 33,341 sq. ft. of premium retail space.

The development is scheduled to be handed over by the end of 2021, with 100 per cent of both its structure and blockwork already being completed. Internal plastering is currently at 99 per cent, while the tiling, HVAC and MEP works are now 82 per cent, 26 per cent and 37 per cent done respectively.

Mohamed Ragheb Hussein, Chief Development Officer at Azizi Developments, said: “It gives us immense pleasure to announce the new construction completion percentages at Creek Views I. The rapid, yet high-quality development of these world-class residences reflects our commitment to timely project delivery and customer happiness – with our developments in Dubai Healthcare City seeing a remarkable investor response.  As a truly unique and outstandingly well-connected area with swiftly progressing infrastructure, DHCC is symbolic of the fast advancements and forward-thinking spirit of Dubai – the great city that we celebrate as our home.”

Overlooking Dubai Healthcare City, Creek Views I boasts stunning panoramic views of the iconic Dubai Creek and the picturesque Downtown Dubai skyline. Situated on Al Khail Road, 7 minutes away from Dubai International Airport, 8 minutes from Dubai Mall and 9 minutes from Business Bay and DIFC, the development has all major business, leisure and retail hubs in its vicinity.

Positioned as the epicentre of the future, merging views of both the old and new Dubai, Creek Views I represents the city’s remarkable transition from a traditional, iconic past to a contemporary, reinvented future.

Separately, Samana Developers, the leading real estate company in Dubai, recently announced the promotion of Dalya Lebbihi to the General Manager of Sales and Operations role, along with 55% increase in sales headcount to double the sales revenue in 2021 backed by the Expo 2020 visitors’ rush in Dubai.

The executive promotion is part of developer’s consolidation of its UAE operations and aligning its sales strategy with three new project launches. Samana Developers’ new projects are currently under necessary approvals from the relevant authorities.

Imran Farooq, CEO of Samana Developers, while congratulating Dalya Lebbihi, said: “Thanks to Dubai’s proactive moves that have spurred demand for real estate. These moves include the introduction of the 10-year resident visa, 100% foreign business ownership and remote work visas, in addition to the swift rollout of vaccination campaigns to make the emirate a safe place for investors and residents.”

Dalya Lebbihi, General Manager of Sales & Operations at Samana Developers, said: “I am honoured to work with a developer which is innovative and customer-centric. This strategy helps us even in the toughest times of Covid-19, and at a time when people are looking for healthy and affordable residences which Samana builds.”