According to data from the Land Department, Dubai saw more than $2.2bn (AED8.1bn) of property transactions this week. A total of 2,574 real estate transactions were conducted during the week ending January 13. The land department data showed that 221 plots were sold for $321.2m (AED1.18bn), while 1,889 apartment and villa purchases worth $1.3bn (AED4.93bn) were made.

Dubai Real Estate Deals

The top three transactions were land in Jabal Ali First, sold for $12.5m (AED46.1m), followed by land in Wadi Al Safa 4, sold for $12.3m (AED45.01m), and land in Al Thanyah Fourth sold for $10.6m (AED39m).

Al Hebiah Fifth came in first for the most transactions for this week recording 112 sales transactions worth $118.5m (AED433.61m), followed by Al Jadaf with 25 sales transactions worth $15.7m (AED57.53m), and Jabal Ali First with 21 sales transactions worth $31.3m (AED115m).

The top three transfers for apartments and villas were an apartment sold for $34m (AED125m) in Al Raffa, one sold for $32.7m (AED120m) in Al Jadaf, and another sold for $31.6m (AED116m) in Island 2.

The value of mortgaged properties for the week reached $411.1m (1.51bn), while properties granted between first-degree relatives totaled 92 at a value of $136mm (AED498m).