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Dubai / WAM
A total of 2,157 real estate transactions worth over AED9 billion were conducted during the week ending February 3, according to figures released by the Dubai Land Department (DLD).
The DLD report revealed that 237 plots were sold for AED1.56 billion, with an additional 1,920 apartment and villa sales recorded totalling AED5.77 billion.
Ranking first in transactions was a land in Al Wasl sold for AED147.5 million, followed by a land in Island 2 sold for AED112 million, and another in Mohammad bin Rashid Gardens sold for AED54 million.
Al Hebiah Fifth recorded the most transactions for this week by 108 sales transactions worth AED383.71 million, followed by Al Yufrah 1 with 28 sales transactions worth AED163.27 million, and Al Hebiah Fourth with 14 sales transactions worth AED149 million in third place.
The top three apartment and villa transfers were an apartment in Island 2 worth AED 410 million, an apartment sold for AED220 million in Business Bay, and another in Palm Jumeirah sold for AED125 million.
The value of mortgaged properties for the week reached AED1.68 billion, with the highest being a land in Al Barsha South Fourth, mortgaged for AED324 million. Meanwhile, 74 properties worth AED665 million were granted between first-degree relatives.