AED 4.2 billion Dubai real estate transactions in a week

Last week, real estate transactions at Dubai Land Department generated over AED 4.2 billion.

According to the weekly report of the transactions issued by the Department, yesterday, 1038 pledges of sales worth more than 1.9 billion dirhams, including 78 sales of land worth 648 million dirhams, and 960 sales of apartments and villas valued at 1.3 billion dirhams, while mortgages recorded 2.3 billion dirhams.

The most important land sales were AED 200 million in Al-Efra 1, followed by AED 100 million in the first Khiran area and AED 24 million in Wadi Al Safa 3.

Wadi Al Safa 5 topped the list in terms of sales, with seven sales worth AED 18 million, followed by Nad Al Sheba first with six sales worth AED 27 million, then Palm Jumeirah with five sales worth AED 35 million.

The most important sales of apartments and villas were AED 19 million in Business Bay, followed by AED 17 million in Al Merkad and AED 11 million in Dubai Marina.

Dubai Marina topped the list in terms of sales of apartments and villas, with 96 sales worth AED 276 million, followed by Business Bay with 83 sales valued at AED 113 million, then Wadi Al Safa 5 with 75 sales valued at AED 107 million.