The real estate transactions at Dubai Land Department last week generated more than AED 6.3 billion.

According to the weekly report of the transactions issued by the Department yesterday, 960 sales worth AED 1.6 billion were recorded, of which 96 were sold for land worth 400 million dirhams, 864 pledged allegiance to apartments and villas worth AED 1.2 billion, while mortgages registered AED 4.7 billion.

The most important land sales were AED 16 million in the Sheikh Mohammed Bin Rashid Gardens area, followed by AED 16 million in Al Merkad area, followed by AED 15 million in Satwa.

Sheikh Mohammed Bin Rashid Gardens was the most active area in terms of sales, with 11 sales worth AED 92 million, followed by Al Khawaneej First with 11 sales of AED 40 million and Saih Shoaib 1 with nine sales of AED 6 million.

The most significant sales of apartments and villas were AED 14 million in Dubai Marina, followed by AED 10.3 million in Island 2 and AED 7 million in Burj Khalifa.

Wadi Al Safa 5 topped the list in terms of sales of apartments and villas, with 137 sales valued at AED 195 million, followed by Business Bay with 68 sales valued at AED 82 million and a third in the airport city with 65 sales at AED 57 million.