During the current week, the Dubai Land Department has witnessed real estate transactions amounting to over AED 12.9 bn, Invest-Gate reports.

These transactions included 3,888 sales valued at AED 10.68 bn, consisting of 304 land sales worth AED 3.53 bn and 2,744 sales of apartments and villas worth AED 7.15 bn.

Palm Jumeirah area saw the highest land sales, totaling AED 940 mn, followed by a sale worth AED 169.48 mn in the Saih Shuaib 4 area and another sale worth AED 102 mn in Dubai Maritime City area.

In terms of the number of sales, Wadi Al Safa Second ranked first with 123 sales worth AED 141.81 mn, followed by Al Habiyah Four with 31 sales worth AED 815.56 mn, and Hind City Four with 22 sales worth AED 26.27 mn.

For apartment and villa sales, Palm Jumeirah area had the highest-valued sale, amounting to AED 500 mn, followed by a sale worth AED 305 mn in the second commercial center area, and a sale worth AED 66 mn in Al Thanyah fourth area.

In terms of the number of apartment and villa sales, Al Barsha South Fourth topped the list with 340 sales worth AED 303.57 mn, followed by Business Bay area with 327 sales worth AED 645.64 mn, and Marsa Dubai with 252 sales worth AED 1.16 bn.

Mortgages recorded a total value of AED 1.77 bn, including 79 land mortgages worth AED 364.35 mn and 525 mortgages on villas and apartments worth AED 1.4 bn. The most significant mortgage was in the second commercial center area, valued at AED 364.46 mn, followed by Jebel Ali First with a value of AED 98.92 mn.