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This week, 1,685 real estate transactions worth AED 7.4 billion were made in Dubai.
Dubai Land Department reported that 177 apartments were sold for AED 2.15 billion, while 1137 apartments and villas were sold for AED 2.8 billion.
The top three deals included land sold in Al Hebiah Fifth for AED 758.02 million, followed by land sold for AED 263.75 million in Al Hebiah Fifth, and another land plot sold in Palm Deira for AED 150 million.
Jabal Ali recorded the largest number of sales for this week in the amount of AED 112.77 million, followed by Wadi Al Safa 5 with 37 sales in the amount of AED 181.14 million, and Hadaeq Sheikh Mohammed bin Rashid with 19 sales in the amount of AED 329 million in third place.
The total value of mortgaged real estate for the week amounted to USD 2.16 billion.
73 properties worth AED 326 million were transferred to relatives of the first degree.
