The Dubai real estate sector recorded transactions valued at AED11.7bn ($3.2) in the week ending November 3.
According to data presented by the Dubai Land Department there were 1,655 transactions in the week.
277 plots of land were sold for AED5.15bn ($1.4bn) and 1,378 apartments and villas were sold for AED3.6bn ($981m).
Dubai real estate this week
The top three land transactions were a plot in Madinat Dubai Almelaheyah sold for AED505.94m ($138m), land sold for AED 347.45m ($94,6m) in Madinat Dubai Almelaheyah, and a plot sold for AED180m ($49m) in Burj Khalifa in third place.
Palm Jebel Ali recorded the most transactions for the week, with 92 sales transactions worth AED2.15bn ($585m), followed by Madinat Hind 4 with 46 sales transactions worth AED79.58m ($21.7m), and Al Hebiah Fifth with 31 sales transactions worth AED163.18m ($44.4m) in third place.
The top three transfers for apartments and villas were:
- An apartment sold for AED 112.5m in Palm Jumeirah ($30.6m)
- An apartment sold for AED106.75m ($29.1m) in Zaabeel First
- An apartment sold for AED103.25m ($28.1m) in Zaabeel First
The sum of the amount of mortgaged properties for the week was AED2.34bn ($638m), with the highest being a land in Business Bay, mortgaged for AED375m ($103m).
128 properties were granted between first-degree relatives worth AED625m ($170m).
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