The Dubai Land Department (DLD) reports a whopping 3,321 property transactions worth AED 11,1B (USD 3B) for the week ending on May 26.

A total of 220 plots and 2,398 apartments and villas were sold for roughly AED 2,54B (USD 691M) and AED 5,85B (USD 1.59B), respectively, according to the DLD.

The highest value land transactions included plots in Madinat Al Mataar, Madinat Dubai Almelaheyah and Al Barsha South Fourth, which were sold for AED 659,54M (USD 179,6M), AED 169,39M (USD 46,13M) and AED 83M (USD 22,6M), respectively.

The most recorded transactions last week were in Wadi Al Safa 3, with 61 sales totalling AED 728,44M (USD 198,37M). The runner-up for the highest number of sales was Al Hebiah Fifth at 41 transactions worth AED 106,84M (USD 29,09M), followed by 18 sales valued at AED 70M (USD 19,06M) at Jebel Ali First.

The top three transfers for apartments and villas for the week were a property sold for AED 75M (USD 20,4M) in Al Safouh First, a villa sold for AED 69M (USD 18,8M) in World Islands, and thirdly a villa sold for AED 61M (USD 16,6M) in World Islands.

The highest mortgage taken out was AED 143M (USD 38,94M) for land in Al Thanayah Fourth, putting the grand total of mortgaged properties at AED 1,8B (USD 490M).

First-degree relatives were gifted 154 properties worth AED 933M (USD 254,07M).