A total of 2,910 real estate and property transactions, amounting to AED 10.1B, were conducted during the week ending on January 12, according to the Dubai Land Department (DLD).
The weekly report from DLD reveals that 209 plots were sold for a total value of AED 2.19B, while 2,100 apartments and villas changed ownership, resulting in transactions valued at AED 4.84B.
The top three transactions included the sale of a land parcel in Al Hebiah Sixth for AED 138.65M, followed by a land sale in Business Bay for AED 105M, and a land transaction in Palm Jabal Ali for AED 47.36M, securing the third position.
Al Hebiah Fifth led in transaction volume for the week with 44 sales transactions amounting to AED 163.91M. Hadaeq Sheikh Mohammed Bin Rashid followed with 33 sales transactions totalling AED 398.83M, and Madinat Hind 4 secured third place with 30 sales transactions valued at AED 42.29M.
The top three transfers in the apartment and villa category included a property valued at AED 66M in Al Wasl, another worth AED 46M in Al Thanayah Fourth, and an apartment valued at AED 40.02M in Al Hebiah Fourth, according to WAM.
The total value of mortgaged properties for the week reached AED 2.28B. Additionally, 82 properties were granted among first-degree relatives, with a combined value of AED 799M.