The Dubai Land Department announced that 2015 saw 21,000 real estate transactions worth more than 46 billion dirhams, spanning 10 different areas in Dubai. The transactions ranged from apartments and villas to buildings and mixed-use land.

Land transactions accounted for the lion’s share, with 7,003 plots sold for a total of 26 billion dirhams, while residential units ranked second after land transactions, with the total value of sales and purchases of apartments and residential villas in the top 10 areas of Dubai exceeding 17.7 billion dirhams, representing 13,141 transactions, while building transactions ranked third, with 805 buildings sold in Dubai’s top 10 areas for a total of AED 3 billion.

The Al Markaz area set a record for land transactions and topped the list of the 10 most active real estate areas in Dubai in terms of total transaction value, having sold 481 plots of land worth 7.6 billion dirhams, followed by Al Habia 3, which sold 1,353 plots for approximately 4 billion dirhams, and then Al Yafrah 2, which sold 1,479 plots worth over 3 billion dirhams.

Meanwhile, Al Thania 4 topped the list of the 10 most active real estate areas in Dubai for building transactions after selling 338 buildings worth AED 754 million, followed by the Dubai Marina area with the sale of 9 buildings worth AED 878 million, and then the Wadi Al Safa 6 area with the sale of 168 buildings worth AED 418 million.

As for residential unit transactions, Business Bay apartments led the way with 2,131 transactions worth AED 3.4 billion, while Dubai Marina apartments topped the list of areas in terms of value, recording 1,976 transactions worth AED 3.9 billion, followed by Burj Khalifa apartments with 893 transactions worth AED 2.9 billion, Al Thania 5 villas topped the same list in terms of highest value, with 1,686 residential villa sales totaling more than 2 billion dirhams.