Real estate transactions in the Dubai Land Department during the current week amounted to more than AED12.7 bn, Invest-Gate reports.

The department witnessed the recording of 2,329 sales worth AED 8.19 bn, including 549 sales of land worth AED 4.25 bn and 1,780 sales of apartments and villas worth AED 3.94 bn.

The most important land sales were worth AED 622.91 mn in the Dubai Marina area, followed by a sale worth AED 180 mn in the Business Bay area, followed by a sale worth AED 150 mn in the Marsa Dubai area.

Al Hebiah Fifth region topped the regions in terms of the number of sales, recording 123 sales worth AED 527.18 mn, followed by Madinat Al Mataar area, recording 113 sales worth AED 542.17 mn, and third in Madinat Hind 4, recording 111 sales worth AED 161.9 mn.

Regarding the most important sales of apartments and villas, the most important sale was a sale worth AED 88 mn in the Al Barsha First area, followed by a sale worth AED 75 mn in the Palm Jumeirah area, and finally a sale worth AED 64.5 mn in the Al Thanayah Fourth area.

Al Barsha South Fourth area topped the regions in terms of the number of apartment and villa sales, recording 159 sales worth AED 142.89 mn, followed by Burj Khalifa area, recording 151 sales worth AED 444.5 mn, and third in Business Bay, recording 146 sales worth AED 267.66 mn.

The mortgages recorded a value of AED 3.88 bn, including 88 land mortgages worth AED 1.89 bn and 681 mortgages on villas and apartments worth AED 1.99 bn, the most important of which was in Budra area, worth AED 1.35 bn, and another in Palm Jumeirah area, worth 347.98 mn.