Dubai has seen real-estate transactions of over AED7 billion (around $1.91 billion) in the week gone by, local reports have said.
According to the reports, the Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.
The DLD weekly report said 166 plots were sold for AED1.01 billion ($275 million) in the emirate over the aforementioned period.
It added that 1,684 apartments and villas were also sold in the same timeframe, for AED 3.83 billion ($1.04 billion).
The top land transactions were for Mohammed Bin Rashid Gardens, AED144 million ($39.21 million), Nad Al Shaba, AED79 million ($21.51 million), and Jebel Ali, AED77 million ($20.96 million).
Business Bay topped the list in terms of the number of villa and apartment sales: 285 worth AED624 million ($169.91 million).
It was followed by Dubai Marina, which saw 206 villa and apartment sales worth AED575 million ($156.57 million).
The total sum of the amount of mortgage issued on properties for the week was said to be AED1.97 billion ($563.42 million).
In addition, 71 properties were granted between first-degree relatives, their worth being AED246.86 million ($67.22 million).
