The Dubai real estate sector saw AED12.7bn ($3.5bn) of real estate transactions this week, according to the Land Department.
In total there were 2,329 real estate transactions in the week ending September 15.
Land Department data showed that 549 plots were sold for AED4.25bn ($1.2bn), while 1,780 apartments and villas were purchased for AED3.94bn ($1.1bn).
Dubai property sales this week
The top three land transactions were a plot in Marsa Dubai sold for AED622.91m ($170m), a plot sold for AED180m in Business Bay, and another sold for AED150m ($41m) in Marsa Dubai.
Al Hebiah Fifth recorded the most sales transactions for this week with 123 transactions worth AED527.18m ($144m), followed by Madinat Al Mataar with 113 transactions worth AED 542.17m ($148m), and Madinat Hind 4 with 111 transactions worth AED161.9m ($44m).
The top three apartment and villa transfers included an AED88m ($24m) apartment sold in Al Barsha First, another apartment sold for AED75m ($20m) in Palm Jumeirah, and a third in Al Thanayah Fourth sold for AED64.5m ($18m).
The total value of mortgaged properties for the week reached AED3.88bn ($1bn).
Meanwhile, 165 properties were granted between first-degree relatives worth AED670m ($182m).
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