Dubai Land Department that real estate transactions in the Emirati emirate totaled more than 15.45 billion dirhams, resulting from 5,028 transactions, over the past week.

The real estate market in Dubai also saw more than 3,983 sales worth 10.63 billion dirhams, 736 mortgage transactions worth 3.54 billion dirhams, and 309 gift transactions worth 1.28 million dirhams.

Weekly sales were distributed as follows: 372 land sales, 3,004 residential unit sales, and 607 building sales, while mortgage transactions included 210 land mortgages, 418 residential unit mortgages, and 122 building mortgages.

The Business Bay area ranked first in terms of transaction value at 896 million dirhams, resulting from 224 transactions, followed by Al Yafra 1 in second place with 293 transactions worth 777 million dirhams, and Wadi Al Safa 5 in third place with 173 transactions worth 776 million dirhams, fourth was the Dubai Hills area with 284 transactions worth 628 million dirhams, and fifth was the Ras Al Khor Industrial Area 1 with 259 transactions worth 605 million dirhams.