The Dubai real estate sector saw transactions valued at AED11bn ($3bn) this week, according to the Dubai Land Department.
357 plots were sold for AED2.18bn ($594m) and 2,113 apartments and villas were sold for AED4.86bn ($1.324bn) in the week ending December 8.
The top three transactions for land were a plot in Al Thanyah Fifth sold for AED268.02m ($73m), followed by land that was sold for AED95.56m ($26m) in Saih Shuaib 2, and land sold for AED83.93m ($23m) in Saih Shuaib 3.
Dubai real estate this week
Wadi Al Safa 2 recorded the most transactions this week, with 213 sales transactions worth AED189.09m ($51.5m).
It was followed by Madinat Hind 4 with 23 sales transactions worth AED38.29m ($10.4m), and Palm Jebel Ali with 20 sales transactions worth AED678.29m ($185m) in third place.
The top three transfers for apartments and villas were an apartment sold for AED135m ($36.7m) in Al Wasl, an apartment sold for AED135m ($36.7m) in Al Wasl, and an apartment sold for AED87.43m ($24m) in Palm Jumeirah.
The sum of the amount of mortgaged properties for the week was AED3.29bn ($896m), with the highest being a land in Palm Jumeirah, mortgaged for AED2.08bn ($566m).
162 properties were granted between first-degree relatives worth AED641m ($174.5m).
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