The Dubai real estate sector saw 3,030 land and property transactions valued at AED10bn ($2.7bn) this week, according to Land Department data.
The land department said that 378 plots were sold for AED3bn ($817m) and 2,124 apartments and villas were sold for AED5.13bn ($1.4bn).
The top three transactions were a plot in Wadi Al Safa 7 sold for AED285m ($78m), followed by land sold for AED68.34m ($18.6m) in Al Goze Second, and land sold for AED66.54m ($18.1m) in Al Goze Second.
Dubai real estate this week
Al Hebiah Fifth recorded the most transactions this week, with 133 sales worth AED362.59m ($99m), followed by Al Goze Second with 67 sales transactions worth AED1.35bn ($367.6m), and Madinat Hind 4 with 49 sales transactions worth AED73m ($20m).
The top three transfers for apartments and villas were:
- A property sold for AED175m ($47.6m) in Business Bay
- A property sold for AED97m ($26.4m) in Al Nahda First
- A property sold for AED90m ($34.5m) in Al Nahda Second
The sum of mortgaged properties for the week was AED1.53bn ($416m), with the highest being land in Saih Shuaib 2, mortgaged for AED204m ($55m).
63 properties were granted between first-degree relatives worth AED265m ($72.1m).
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