Real estate transactions at the Dubai Land Department last week amounted to 11.07 Billion Dirhams, resulting from 4,268 transactions. The department witnessed the recording of 3,478 sales worth 8.30 Billion Dirhams, 681 real estate mortgage deals worth 2.33 Billion Dirhams, and 109 gift transactions worth 446.7 Million Dirhams.
The weekly sales deals were divided into 260 land sales, 3014 residential unit sales, and 204 building sales, while mortgage deals were divided into 172 land mortgages, 404 residential unit mortgages, and 118 building mortgages.
The Palm Jumeirah area came in the lead in terms of sales value with 570 Million Dirhams resulting from 47 deals, and the Jumeirah Village Circle area came second with 630 deals worth 566 Million Dirhams, and third was Trade Centre 1 with two deals worth 479 Million Dirhams, and fourth was the Business Bay area with 210 deals worth 399 Million Dirhams, and fifth is the Sheikh Mohammed bin Rashid Gardens area, with 122 deals worth 299 Million Dirhams.