This week, real estate transactions in Dubai’s Land Department have reached over AED 11 bn. The department recorded 2,538 sales worth AED 6.69 bn, including 236 land sales valued at AED 1.82 bn and 2,302 apartment and villa sales totaling AED 4.87 bn, Invest-Gate reports.

The most significant land sales were valued at AED 209 mn in the Fourth District of Al Thanyah, followed by a sale worth AED 135.56 mn in the Third South District of Al Barsha, and a sale worth AED 104.03 mn in the Third South District of Al Barsha.

The Fifth District of Al Habibah topped the list in terms of the number of sales, recording 73 sales worth AED 310.15 mn, followed by District 4 of Hadaeq Sheikh Mohammed with 38 sales worth AED 55.38 mn, and finally, the Airport City with 38 sales worth AED 135.97 mn.

In terms of the most significant apartment and villa sales, a sale worth AED 95 mn took place in the Palm Jumeirah area, followed by a sale worth AED 47.6 mn in the Palm Jumeirah area, and finally, a sale worth AED 47.29 mn in the First Za’abeel area.

The Fourth South District of Al Barsha ranked first in terms of the number of apartment and villa sales, recording 226 sales worth AED 219.86 mn, followed by Al Merkad with 213 sales worth AED 322 mn, and third, the Dubai Trade Center with 193 sales worth AED 391.65 mn.

Mortgages amounted to AED 3.1 bn, with 88 land mortgages valued at AED 1.09 bn and 426 villa and apartment mortgages worth AED 2.01 bn, with the most significant being in the Al Wasl area, valued at AED 746.16 mn.

Gift transfers recorded 171 transactions worth AED 1.2 bn, with the most significant being in the Fourth South District of Al Barsha, valued at AED 202.36 mn, and another in the Wadi Al Safa 3 area, valued at AED 184.96 mn.