Dubai Land Department (DLD) recorded real estate transactions worth AED 11.3 billion last week, resulting from 4086 transactions. The department witnessed more than 3111 sales worth AED 7.4 billion, 738 mortgage transactions worth AED 2.5 billion, and 237 gift transactions worth AED 1.2 billion.
The weekly sales deals were distributed as 167 sales of land, 2797 sales of residential units, and 146 sales of buildings, while mortgage deals were distributed into: 189 mortgages for land, 444 mortgages for residential units, and 105 mortgages for buildings.
Dubai's off-plan property sales reached AED 3.3 billion, resulting from 798 transactions, while off-plan property sales reached AED 4 billion, resulting from 2313 transactions.
The Airport City area came in first place in terms of the value of sales with AED 611 million, followed by Business Bay with AED 426 million, Seih Shuaib 3 with AED 348 million, Um Suqeim First with AED 328 million, and Palm Deira with AED 305 million.
Some of the top individual deals are: a mortgage transaction for a plot of land allocated to a hospital in Nad Al Sheba 3 worth AED 364 million, a villa under construction in the Palm Jumeirah area worth AED 69 million, and the sale of an off-plan apartment in the Palm Jumeirah area worth AED 41 million.