By Parag Deulgaonkar

The total value of property transactions in Dubai crossed Dh 83 billion in the first nine months of the year with Burj Khalifa area topping the list of most traded areas in units terms, according to Dubai Land Department.

The total transactions from January to September stood at 27,452 with cash sales crossing Dh43 billion and mortgage sales touching Dh36.3 billion for all kinds of properties.

In August, the department had reported property transactions reached Dh63 billion in the first half of 2012. In 2011, a total of 35,297 real estate transactions of Dh143 billion were reported as against Dh123 billion in 2010. More info