DUBAI: The City Land Department recorded 3,903 real estate transactions worth $2.8 billion in the past week.
The details suggest that 208 plots were sold for $305 million while 2,906 apartments and villas were sold for $1.7 billion.
According to a news report, three pieces of land were sold in Al Jadaf, with the top three transactions amounting to AED38.5m ($10.4m), AED38.5m, and AED37m ($10.1m) respectively.
Moreover, among the most expensive villa and apartment transfers were a villa sold for AED150m ($41m) in Palm Jumeirah, an apartment worth AED80m ($22m) in Island 2, and another sold for AED65m ($17.7m) in Palm Jumeirah.
For the week, mortgaged properties were valued at $591 million, while 341 properties were granted to first-degree relatives worth $149 million.
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