AED 7.8 billion Dubai real estate transactions in a week

Last week, real estate transactions at Dubai Land Department generated more than AED 7.8 billion.

The weekly report of the transactions issued by the Department, yesterday, recorded 798 pledges worth AED 1.7 billion, including 130 pledges of land worth AED 700 million, and 668 pledges of apartments and villas worth AED 1 billion, while mortgages recorded AED 6.1 billion.

The most important land sales were AED 72 million in Al Barsha South 5, followed by AED 53 million in Al Barsha South South.

Al-Efra 2 topped the list in terms of sales, with 47 pledges worth AED 62 million, followed by Al Habiya III with 13 pledges with AED 65 million, and the third in the Sheikh Mohammed Bin Rashid Gardens with eight pledges worth AED 47 million. The most important sales of apartments and villas were AED 16 million in the Burj Khalifa area, followed by AED 11 million in Island 2. Business Bay topped the list with sales of apartments and villas, with 156 sales worth AED 192 million, followed by Dubai Marina with 55 sales worth AED 139 million.