Dubai real estate market saw 2,785 property transactions worth AED10.3 billion ($2.8 billion) 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 ($1.2 billion).
The top three land transactions were a plot in Wadi Al Safa 2 sold for AED78 million ($21.2 million), followed by a AED55 million ($15 million ) land in Um Suqeim Second, and another worth AED50m ($13.6 billion ) in Palm Jumeirah.
Dubai real estate deals
Al Hebiah Fifth recorded the most transactions this week, with 130 sales transactions worth AED399.18 million ($109 million), followed by Al Yufrah 1 with 51 sales transactions worth AED301.69m ($82.1 million), and Jebel Ali First with 23 sales transactions worth AED124m ($33.7 million).
The top three apartment and villa transfers were a villa sold for AED183m ($50m) in Palm Jumeirah, an apartment worth AED156 million ($42.5 million) in Business Bay, and an apartment sold for AED117 million ($31 million) in Al Wasl.
The value of mortgaged properties for the week stood at AED3.48 billion ($948 million), while 88 properties were granted between first-degree relatives worth AED292m ($80 million).