The value of real estate transactions has totalled AED 204 bn through 52,170 transactions for the first nine months of 2017, Invest-Gate reports.

There were 37,633 transactions worth AED 88 bn for land, residential units and buildings, while there were 11,699 mortgage transactions valued at AED 102 bn and 2,838 other transactions worth AED 14 bn.

“The land category attracted AED 143.40 bn worth of investment, achieved from 11,169 transactions across sales, mortgages and other transaction categories,” according to a report by the Dubai Land Department (DLD).

Building sales generated 5,014 transactions with a total value of AED 12.72 bn, while 36,000 transactions for residential units of all types crossed the AED 48.77 bn mark.

As for the top ten real estate sales areas in Dubai, Burj Khalifa ranked first in terms of value with 1,650 transactions worth AED 6.239 bn, followed by Business Bay with 2,754 transactions worth AED 5,570 bn.