Real estate transactions at the Dubai Land Department this week amounted to more than AED 19 billion, resulting from 5,988 transactions, as the department witnessed the registration of more than 5,044 sales worth AED 12.4 billion, 819 mortgage transactions worth AED 5.8 billion, and 125 gift transactions worth AED 746 million.
The weekly sales transactions were distributed as follows: 502 land sales, 3,952 residential unit sales, and 590 building sales, while mortgage transactions were distributed as follows: 257 land mortgages, 589 residential unit mortgages, and 95 building mortgages.
Dubai Investment Park came in first place in terms of sales value with AED 672 million resulting from 238 deals, followed by Hind City 4 with 662 deals worth AED 518 million, Sheikh Mohammed bin Rashid Gardens with 240 deals worth AED 632 million, Al Khiran 1 with 196 deals worth AED 592 million, and Palm Jumeirah with 39 deals worth AED 548 million.
The real estate market witnessed the sale of a plot of land in Al Wasl area for AED 438 million, in addition to the sale of a ready apartment in Palm Jumeirah area within the “One at Palm Jumeirah” project for AED 275 million, and another apartment was sold off-plan in the same area for AED 56 million.