A total of 2,078 real-estate transactions worth AED6.6 billion ($1.8 billion) were conducted in Dubai during the week ending February 11, according to figures released by the Dubai Land Department.
A total of 280 plots were sold for AED1.42 billion ($386.66 million), while 1,275 apartments and villas were sold for AED2.54 billion ($691.63 million).
The top transactions were a land in Al Mamzer sold for AED132.4 million ($36.05 million), followed by a land that was sold for AED61 million ($16.61 million) in Al Thanayah Fourth.
Jabal Ali First recorded the most transactions for this week, with by 89 sales transactions worth AED267.91 million ($72.95 million).
This was followed by Al Hebiah Fifth, which witnessed 87 sales worth AED195.83 million ($53.32 million), and Al Hebiah Fourth with 20 sales worth AED167 million ($45.47 million) in third place.
The top three transfers for apartments and villas included one sold for AED360 million ($98.03 million) in Burj Khalifa, another sold for AED269 million ($73.25 million) in Marsa Dubai, and a third fetched AED204 million ($55.55 million) in Business Bay.
The total value of mortgaged properties for the week was AED2.41 billion ($656.23 million), with the highest being a land in Palm Jumeirah, mortgaged for AED412 million ($112.19 million).
A total of 107 properties worth AED309 million ($84.18 million) were granted between first-degree relatives.