The UAE real estate market continues to thrive in 2022.
Inayat-ur-Rahman, Business Editor
The real estate and properties transactions valued at Dhs4.1 billion in total during the week .
The sum of transactions was 1,992. 287 plots were sold for Dhs1.08 billion, 1,059 apartments and villas were sold for Dhs2.25 billion.
The top three transactions were a land in Al Hebiah Fifth sold for Dhs190 million, followed by a land that was sold for Dhs 45 million in Al Thanyah First, and a land sold for Dhs 190 million in Al Hebiah Fifth in third place.
Al Hebiah Fifth recorded the most transactions for this week by 222 sales transactions worth Dhs627.48 million, followed by Jabal Ali First with 11 sales transactions worth Dhs29.28 million, and Hadaeq Sheikh Mohammed Bin Rashid with 9 sales transactions worth Dhs108 million in third place.
The top three transfers for apartments and villas were an apartment was sold for Dhs 292 million in Marsa Dubai, an apartment was second in the list sold for Dhs 235 million in Burj Khalifa, and thirdly it was an apartment sold for Dhs 171 million in Palm Jumeirah.
The sum of the amount of mortgaged properties for the week was 696.14 million, with the highest being a land in Mankhool, mortgaged for AED 90 million.
Meanwhile, a leading UAE real estate developer, is organising a special sales day at the Sofitel Abu Dhabi Corniche, on Sunday, January 30th .
The event includes a special offer on all the company’s projects in Abu Dhabi and Dubai, with a 10% discount, only 10% down payment, and 1% monthly installments.
Reportage Properties is developing 12 projects in the UAE, providing about 6,000 housing units within the most important investment sites in Abu Dhabi and Dubai, in addition to a project that has been completed and delivered in Masdar City in Abu Dhabi.
Islam Ahmed Suleiman, CEO, Reportage Properties indicated that they are committed to making special offers that attract buyers, and organizing sales events at the beginning of the year.
Reportage Properties’ 2021 sales exceeded Dhs1.6bn, compared to Dhs812mn during 2020, with a growth rate of up to 100%.
Suleiman explained that the company’s performance in 2021 was outstanding. That was proved by doubling of their sales. He expects the company will continue to achieve more positive results this year in light of the robust activity in the UAE real estate market, especially with the continued launch of many initiatives stimulating economic activity in various sectors, led by the real estate sector, and the launch of the “50 projects” initiative, as well as the great event of Expo 2020 Dubai.
Suleiman stressed “Reportage Properties” keenness to make more special offers for buyers, while providing flexible payment plans that suit various categories of customers.