Dubai recorded 1,592 real estate transactions worth Dh6 billion during the week ending September 30, according to the Dubai Land Department.
Seventy-three plots in Dubai were sold for Dh350.29 million and 1,080 apartments and villas were transacted for Dh2.74bn this week, the DLD weekly report said.
The surge in sale comes as the UAE’s residential property market continues to recover from the impact of the Covid-19 pandemic.
The country’s success in handling the Covid-19 pandemic and its proactive policy measures to jump-start the economy have boosted demand for property, pushing capital values for homes higher.
The UAE’s rapid response to the Covid-19 pandemic has attracted the world’s wealthy investors, who continue to flock to Dubai, snapping up the most expensive homes in locations such as the Palm Jumeirah and Jumeirah Bay, according to global property consultancy Knight Frank. This has played a big part in driving up villa values, the consultancy said in a report.
The top property transactions this week were a land plot in Al Thanayah Fourth that sold for Dh59.5m and a land parcel in Al Qusais First that sold for Dh32.86m, the DLD said.
Al Yufrah 3 recorded the most transactions for this week with 17 sales deals worth Dh15.66m.
This was followed by Nad Al Shiba Third that recorded 10 sales transactions worth Dh28.02m and Al Hebiah Third with nine sales transactions worth Dh18m in third place, the DLD said.
The top three transactions involving apartments and villas in Dubai were an apartment that sold for Dh373m in Marsa Dubai, a villa that sold for Dh264m in Palm Jumeirah and a villa that sold for Dh257m in Wadi Al Safa 5.
The cumulative value of mortgaged properties for the week was Dh2bn, with the highest being a land in Me’Aisem First, which was mortgaged for Dh205m, according to the DLD.
Seventy-one properties worth Dh1bn were granted to first-degree relatives, the agency said.
Villa prices in Dubai have increased 16.5 per cent year-on-year, according to provisional data for the third quarter from Knight Frank. Residential values in Abu Dhabi also climbed two per cent compared to the corresponding period last year, it said.
The number of homes worth more than $10m sold in Dubai currently stands at 54, breaking the previous record of 31, set in 2015, according to Knight Frank.
The Palm Jumeirah and Emirates Hills account for almost 75 per cent of super prime home sales in the city, but new sub-markets in Dubai, such as Business Bay, have also joined the list of locations for homes worth more than $10m, Knight Frank added.
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Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Sheikh Zayed's poem
When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.
Your love is ruling over my heart
Your love is ruling over my heart, even a mountain can’t bear all of it
Woe for my heart of such a love, if it befell it and made it its home
You came on me like a gleaming sun, you are the cure for my soul of its sickness
Be lenient on me, oh tender one, and have mercy on who because of you is in ruins
You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge
You waddle even when you stand still, with feet white like the blooming of the dates of the palm
Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you
You are the cure for my sickness and my support, you dried my throat up let me go and damp it
Help me, oh children of mine, for in his love my life will pass me by.
THE SPECS
Engine: 1.5-litre, four-cylinder turbo
Transmission: seven-speed dual clutch automatic
Power: 169bhp
Torque: 250Nm
Price: Dh54,500
On sale: now
ITU Abu Dhabi World Triathlon
Other simple ideas for sushi rice dishes
Cheat’s nigiri
This is easier to make than sushi rolls. With damp hands, form the cooled rice into small tablet shapes. Place slices of fresh, raw salmon, mackerel or trout (or smoked salmon) lightly touched with wasabi, then press, wasabi side-down, onto the rice. Serve with soy sauce and pickled ginger.
Easy omurice
This fusion dish combines Asian fried rice with a western omelette. To make, fry cooked and cooled sushi rice with chopped vegetables such as carrot and onion and lashings of sweet-tangy ketchup, then wrap in a soft egg omelette.
Deconstructed sushi salad platter
This makes a great, fuss-free sharing meal. Arrange sushi rice on a platter or board, then fill the space with all your favourite sushi ingredients (edamame beans, cooked prawns or tuna, tempura veggies, pickled ginger and chilli tofu), with a dressing or dipping sauce on the side.
