The Dubai Land Department (DLD) reveals that 3,625 real estate transactions valued at AED 12.5 bn are completed in the week ended June 16, Invest-Gate reports.

The deals include 189 land plots sold for AED 2.28 bn and 2,753 apartments and villas sold for AED 7.01 bn, the DLD’s data shows.

The top three deals were Land on Palm Deira sold for AED 167.88 mn, in addition to another two pieces in Business Bay and Al Thanyah First, which were sold for AED 136 mn and AED 125 mn, respectively.

Al Hebiah Fifth has the most transactions, with 34 sales worth AED 88.58 mn, Wadi Al Safa 3 has  24 deals worth AED 548.44 mn, and Madinat Hind 4 has 24 transactions worth AED 28 mn.

The top three apartment and villa deals were located in Island 2, Palm Jumeirah, and Marsa Dubai, with a compound value of AED 278 mn.

Mortgaged properties amount to AED 2.88 bn, the highest being land in Al Wasl mortgaged for AED 761 mn.

Properties granted between first-degree relatives totaled AED 415 mn over 114 deals.