The Dubai real estate market saw AED10.4bn ($2.85bn) of property and land deals this week, according to the city land department.
There were a total of 2,793 real estate and property transactions conducted during the week ending April 7, said the Dubai Land Department.
The DLD weekly report noted that 222 plots were sold for AED1.8bn and 2,086 apartments and villas were sold for AED4.56bn.
Dubai real estate market review
The top transactions for land included a plot in Business Bay sold for AED456.25m and space sold for AED150m in Al Thanayah Fourth.
Al Hebiah Fifth recorded the most transactions this week, with 93 transactions worth AED246.61m. It was followed by MADINAT HIND 4 with 33 sales transactions worth AED43.22m, and Al Hebiah Fourth with 30 sales transactions worth AED261m.
The top three transfers for apartments and villas were a property sold for AED170m in Wadi Al Safa 3, an apartment sold for AED137m in Island 2, and an apartment sold for AED130m in Island 2.
The sum of the amount of mortgaged properties for the week was AED3.96bn, with the highest being a land in Mirdif, mortgaged for AED1bn.
76 properties were granted between first-degree relatives worth AED138m.
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