This is followed by apartments in Palm Jumeirah, which were sold for AED 60M (USD 16M), and a unit in Umm Suqeim worth AED 53M (USD 14M).
The most sought after neighbourhood appeared to be Al Hebiah Fifth, with 57 sales transactions, totaling AED 139M (USD 38M), reported last week. Madinat Hind Fourth and Al Hebiah Third were also in the top three with 23 and 13 deals, respectively.
According to Dubai Land Department, the mortgage property with the highest value of AED 234M (USD 88M) was land in Al Karama. And the total value of mortgage agreements, concluded last week, was AED 2B (USD 544M).