Dubai real estate and property transactions were valued at AED13.1bn ($3.6bn) this week, according to Dubai Land Department data.
In total, during the week ending January 19, there were 3,697 transactions.
184 plots were sold for AED2.01bn ($547m) and 2,770 apartments and villas sold for AED7.46bn ($2bn).
Dubai real estate this week
The top three transactions for land were a plot in Al Wasl sold for AED170m ($46m), land sold for AED120.5m ($33m) in Madinat Dubai Almelaheyah and land sold for AED79.72m ($22m) in Bukadra.
Madinat Hind 4 recorded the most transactions this week, with 44 sales transactions worth AED91.26m ($25m), followed by Al Hebiah Fifth with 26 sales transactions worth AED 96.01m ($26m) and Hadaeq Sheikh Mohammed Bin Rashid with 18 sales transactions worth AED278.81m ($76) in third place.
The top three transfers for apartments and villas were:
- A home sold for AED128.45m ($35m) in Palm Jumeirah
- A villa sold for AED79m ($22m) in World Islands
- An apartment sold for AED78.95m ($21m) in Palm Jumeirah
The sum of the amount of mortgaged properties for the week was AED2.86bn ($779m), with the highest being for land in Nadd Hessa, mortgaged for AED817.75m ($223m).
101 properties were granted between first-degree relatives worth AED770m ($210m).
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