Dubai Land Department (DLD) reports a staggering AED 12.9 billion in real estate and property transactions in the first week of November, with a total of 3,474 in transactions.
A total of 348 plots were sold for AED 2.38 billion, and 3,126 apartments and villas were purchased for AED 7.23 billion.
The top three transactions were two lands sold for AED 350 million in World Islands and AED 95 million in Island 2, followed by another land sold for AED 74 million in Al Safa 2.
Jabal Ali recorded the most transactions for this week by 122 sales transactions worth AED 429 million, followed by Al Hebiah Fifth with 72 transactions worth AED 176 million and Al Hebiah Fourth with 24 transactions worth AED 215 million.
The sum of the amount of mortgaged properties for the week was AED 1.33 billion, with the highest being a land in Al Hamriya, mortgaged for AED 150 million.
A total of 79 properties were granted between first-degree relatives worth AED 2.12 million, the DLD stated.