Dubai, UAE — A total of 3,035 real estate transactions worth AED10.7 billion ($2.91 billion) were recorded during the week ending 31 March, Dubai Land Department (DLD) said Friday.
The DLD report said that 158 plots were sold for AED1.27 billion, while apartment and villa sales stood at 2,261, totaling AED5.11 billion.
The top three sales were a land in Al Khairan First worth AED157.08 million, a land worth AED67 million in Island 2, and a AED59 million land in The World Islands.
Al Hebiah Fifth recorded the most transactions for this week with 52 sales transactions worth AED165 million, followed by Madinat Hind 4 with 21 sales transactions worth AED26.78 million, and Jabal Ali First with 14 sales transactions worth AED60 million in third place.
The top three apartment and villa transfers were an AED82 million villa, an AED57 million apartment and an AED55 million apartment in Palm Jumeirah.
The value of mortgaged properties for the week settled at AED3.8 billion. Meanwhile, 123 properties were gifted between first-degree relatives worth AED597 million.
