Dubai Land Department (DLD) reports a total of AED7.1 billion worth of real estate and property transactions during the week ending 25 February 2022.
DLD reported 2,064 real estate transactions in its weekly real estate report.
AED2.58 billion was spent on 300 plots and AED2.88 billion on 1,382 apartments and villas.
The top transaction was a land sale in Marsa Dubai for AED535.92 million, followed by a land sale in Marsa Dubai for AED476.81 million.
The most transactions for this week were recorded by Al Hebiah Fifth, with 131 transactions worth AED288.54 million, followed by Jabal Ali First with 67 transactions worth AED225.98 million, and Al Merkadh with 21 transactions worth AED109 million in third place.
The top three transfers of apartments and villas were an apartment sold for AED518 million in Marsa Dubai, an apartment sold for AED250 million in Al Khairan First, and an apartment sold for AED241 million in Burj Khalifa.
Mortgaged properties for the week totaled AED1.42 billion, with the highest being land in Business Bay mortgaged for AED173 million.
57 properties were granted between first-degree relatives worth AED278 million.