Dubai real estate market saw 2,785 property transactions worth AED10.3bn ($2.8bn) this week, according to figures released by the Land Department.
The Dubai Land Department revealed that 311 plots were sold for AED2bn ($545m), while 1,999 apartment and villa sales totalled AED4.59bn ($1.2bn).
The top three land transactions were a plot in Wadi Al Safa 2 sold for AED78m ($21.2m), followed by a AED55m ($15m) land in Um Suqeim Second, and another worth AED50m ($13.6bn) in Palm Jumeirah.
Dubai real estate deals
Al Hebiah Fifth recorded the most transactions this week, with 130 sales transactions worth AED399.18m ($109m), followed by Al Yufrah 1 with 51 sales transactions worth AED301.69m ($82.1m), and Jebel Ali First with 23 sales transactions worth AED124m ($33.7m).
The top three apartment and villa transfers were a villa sold for AED183m ($50m) in Palm Jumeirah, an apartment worth AED156m ($42.5m) in Business Bay, and an apartment sold for AED117m ($31m) in Al Wasl.
The value of mortgaged properties for the week stood at AED3.48bn ($948m), while 88 properties were granted between first-degree relatives worth AED292m ($80m).
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