Dubai saw real estate and property transactions valued at AED24.7bn ($6.7bn) in the week ending September 1, according to the Dubai Land Department.
In total there were 3,223 transactions in the week.
236 plots were sold for AED1.82bn ($496mm), while 2,302 apartments and villas were sold for AED4.87bn ($1.3bn).
Dubai property sales
The top three land transactions were:
- A plot in Al Thanayah Fourth sold for AED209m ($57m)
- A plot in Al Barsha South Third sold for AED135.56m ($37m)
- A plot in Al Barsha South Third sold for AED104.03m ($28.3m)
Al Hebiah Fifth recorded the most transactions for the week, with 73 sales transactions worth AED310.15m ($84.4m), followed by Madinat Al Mataar with 38 sales transactions worth AED135.97m ($37m), and Madinat Hind 4 with 38 sales transactions worth AED55.38m ($15m) in third place.
The top three transfers for apartments and villas were a villa sold for AED95m ($26m) in Palm Jumeirah, a home in Palm Jumeirah sold for AED47.6m ($13m) and an apartment sold for AED47.29m ($12.9m) in Zaabeel First.
The sum of mortgaged properties for the week was AED16.89bn ($4.6bn), with the highest being a land in Jebel Ali Industrial First, mortgaged for AED13.79bn ($3.7bn).
171 properties were granted between first-degree relatives worth AED1bn ($272.3m).
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