DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday.
Dubai Land Department said a total of 1,345 deals comprised 215 plots that sold for AED1.2 billion and 1,163 apartments and villas that went for AED 2.45 billion.
The most expensive plot of land sold for AED33 million in Hadaeq Sheikh Mohammed Bin Rashid and another for AED 30 million in the same area.
Jabal Ali First recorded the most transactions for this week by 75 sales transactions worth AED315 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 35 sales transactions worth AED7487 million, and Palm Jumeirah with 11 sales transactions worth AED47 million in third place.
The total value of mortgaged properties for the week was AED1.87 billion, with the highest being a plot of land in Al Khairan area, for AED400 million.
A total of 99 properties were granted worth AED757.98 million.
July this year was the best for Dubai real estate market in the past 12 years, recording as many as 4,384 real transactions worth AED 11.18 billion.
Property portal Property Finder said in a statement that in July 2021, 59.4 percent of all transactions were for secondary/ready properties and 40.6 percent were for off-plan properties.
