Real estate transactions at the Dubai Land Department recorded more than AED 17 billion last week, resulting from 6,073 deals. The department registered more than 5,438 sales worth AED 14.58 billion, 855 mortgage transactions worth AED 2.49 billion, and 227 gift transactions valued at AED 1.08 billion.
The weekly sales were distributed across 460 land sales, 4,783 apartment sales, and 195 building sales. Mortgage deals included 203 land mortgages, 565 apartment mortgages, and 141 building mortgages.
Sales of ready properties in Dubai reached AED 5.7 billion from 1,344 transactions, while off-plan property sales amounted to AED 8 billion from 3,722 transactions.
The Trade Center area topped the list in terms of sales value with AED 913 million, followed by Business Bay with AED 792 million, Dubai Investments Park 2 with AED 781 million, Palm Jumeirah with AED 713 million, and Jumeirah Village Circle with AED 594 million.
The market also witnessed the sale of an off-plan villa in Jumeirah 2 for AED 185 million, another under-construction villa on Palm Jumeirah for AED 115 million, and a completed villa in Mohammed Bin Rashid City (District One) for AED 110 million.
