Dubai saw 3,397 transactions and $3.1bn change hands this week
Dubai recorded real estate and properties transactions valued at AED11.5bn ($3.1bn) this week. According to figures from the city land department.
In total there were 3,397 transactions.
228 plots were sold for AED2.59bn ($705m) and 2,498 apartments and villas were sold for AED5.54bn ($1.5bn).
Dubai real estate
The top transactions for land in Dubai this week were a plot in Business Bay sold for AED168.28m ($45.8m), followed by another plot in the same district, which was sold for AED167.81m ($54.6m).
Al Hebiah Fifth recorded the most transactions for this week, with 71 sales transactions worth AED193.64m ($52.7m), followed by Wadi Al Safa 3 with 22 sales transactions worth AED386.68m ($105.3m), and Jebal Ali First with 18 sales transactions worth AED57m ($15.5m) in third place.
The top three transfers for apartments and villas were a property sold for AED208m ($56.6m) in Business Bay, an apartment was second in the list sold for AED111m ($30.2m) in Island 2, and thirdly a home sold for AED100m ($27.2m) in Al Qusais First.
The sum of the amount of mortgaged properties for the week was AED2.67bn ($727m), with the highest being a land in Jebal Ali First, mortgaged for AED796m ($216m).
230 properties were granted between first-degree relatives worth AED723m ($197m).
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