This week, Dubai's real estate market saw deals worth $2.4bn.

Dubai's real estate market is known for its luxury properties and high-end developments. This week, the market has seen some exciting transactions and trends, with significant sales and mortgages recorded.

The top transactions for land this week were a pair of plots in Palm Jumeirah, which sold for an impressive AED550m ($150m). Palm Jumeirah is a popular destination for luxury property buyers, and these sales are a testament to its appeal.

In terms of sales volume, Al Hebiah Fifth had the highest number of transactions this week, with 94 sales worth AED326.67m ($89m). This was followed by Al Hebiah Fourth with 25 sales transactions worth AED247.85m ($67m), and Jebel Ali First with 24 sales transactions worth AED65m ($18m) in third place.

The top three transfers for apartments and villas were also noteworthy. A property in Mankhool sold for AED61m ($16.6m), a property in Palm Jumeirah sold for AED54m ($14.7m), and an apartment in Marsa Dubai sold for AED52m ($14.2m). These sales demonstrate that the demand for luxury properties in Dubai is still strong.

During the week, the total amount of mortgaged properties was AED1.54bn ($419m). Among them, land in Palm Jumeirah was mortgaged for AED250m ($68m). Mortgages are a popular way for investors to finance their real estate purchases, and these figures suggest that many buyers are still interested in Dubai's real estate market.

Furthermore, 349 properties worth AED522m ($142m) were granted to first-degree relatives. This is a common trend in the region, as many families invest in real estate together.

In summary, the real estate market in Dubai is showing no signs of slowing down. With high-end properties continuing to attract buyers and mortgages providing financing options, it seems that the market is still ripe with opportunities for investors and buyers alike. Keep an eye on the latest trends and transactions to stay informed on this exciting market.