The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Dubai / WAM
A total of 2,786 real estate transactions worth over AED8.4 billion were conducted during the week ending January 27, according to figures released by the Dubai Land Department (DLD).
The DLD report showed that 285 plots were sold for AED1.7 billion, while 2,043 apartments and villas were purchased for AED4.43 billion.
The top three transactions were a land in Al Safouh Second sold for AED 140 million, a land sold for AED 122.5 million in Al Thanyah Fifth, and another in Al Safouh Second sold for AED 140 million.
Al Hebiah Fifth recorded the most sales transactions for this week with 135 transactions worth AED 415.3 million, followed by Al Yufrah 1 with 56 transactions worth AED 332 million, and Al Yufrah 2 First with 20 transactions worth AED 22 million.
The top three apartment and villa transfers included one in Palm Jumeirah for AED 86 million, another in Al Bada worth AED 49 million, and an apartment in
Al Mezhar First worth
AED 40 million.
The value of mortgaged properties for the week reached AED 1.56 billion. Meanwhile, 60 properties were granted between first-degree relatives worth AED 784 million.