Property transactions in Dubai exceed AED 158 billion: Land Department

Real estate transactions worth more than AED 158 billion were recorded in Dubai during the past eight months, according to Land Department figures. Property sales accounted for the bulk of activity, followed by mortgages and land transactions. June, July and August were the busiest months, when almost 40% of the deals were closed. Business Bay, Dubai Marina and Burj Khalifa were the most popular areas for unit sales, while land investors favoured Seeh Shuaib 1 and Sheikh Mohammed Bin Rashid Gardens.