The Dubai property market saw a total of 3,103 real estate transactions valued at AED9.7bn ($2.6bn) in the week ending August 11, according to the city Land Department.
The weekly DLD report noted that 235 plots were sold for AED2.23bn ($607m) and 2,302 apartments and villas were sold for AED5.76bn ($1.6bn).
The top three transactions for land were a plot in Al Wasl sold for AED368.74m ($100m), land sold for AED276m in Trade Centre Second and land sold for AED181.21m ($49.3m) in Palm Deira.
Dubai property statistics
Madinat Hind 4 recorded the most transactions this week, with 72 sales worth AED103.41m ($28.1m), followed by Al Hebiah Fifth with 58 sales transactions worth AED232.65m ($63.3m) and Jebel Ali First with 24 sales transactions worth AED92m ($25m).
The top three transfers for apartments and villas were a villa was sold for AED79m ($22m) in World Islands, a villa sold for AED72m ($19.6m) in World Islands and an apartment sold for AED60m ($16.3m) in Zabeel First.
The sum of mortgaged properties for the week was AED1.42bn ($386m), with the highest being a plot in Al Barsha South Second mortgaged for AED260m ($70m).
93 properties were granted between first-degree relatives worth AED337m ($92m).
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