$1.06 billion.. The value of real estate transactions in the Dubai Land Department today
Shrouq
The value of real estate transactions in the Dubai Land Department amounted to more than 3.9 billion dirhams, equivalent to 1.06 billion dollars, according to the Emirates News Agency (WAM).
The department witnessed the registration of 579 pledges of allegiance, at a value of 1.65 billion dirhams, including 75 pledges of allegiance to land, at a value of 613.61 million dirhams, and 504 sales of apartments and villas, at a value of 1.04 billion dirhams.
Land sales
The most important land sales came with a value of 209 million dirhams in the fourth Al Thanyah area, followed by a pledge of 49 million dirhams in the Sheikh Mohammed Bin Rashid Gardens area, followed by a pledge of 20.86 million dirhams in the third district of Al Habiya.
The fifth area of Al-Habibiyah topped the regions in terms of the number of pledges, recording 27 pledges at a value of 121.01 million dirhams, followed by the Airport City region, with 14 pledges at a value of 49.7 million dirhams, and a third in Nad Al Sheba, the first, with 8 pledges at a value of 82.66 million dirhams.
Sales of apartments and villas
With regard to the most important sales of apartments and villas, a sale amounted to 28.43 million dirhams in the Dubai Marina area, as the most important sale, followed by a sale worth 26 million dirhams in the Palm Jumeirah area, and finally a sale worth 17.4 million dirhams in the Burj Khalifa area.
Al-Merkadh area topped the regions in terms of the number of sales of apartments and villas, as it recorded 62 pledges of allegiance at a value of 77.15 million dirhams, followed by the Dubai Marina area, with 48 pledges of allegiance, at a value of 165.28 million dirhams, and a third in Al Barsha, south of the fourth, with 34 pledges of allegiance, at a value of 34.22 million dirhams.
Mortgages recorded a value of 2.04 billion dirhams, of which 23 land mortgages amounted to 673.74 million dirhams and 105 “mortgages of villas and apartments” with a value of 1.36 billion dirhams.
As for donations, 36 donations were recorded, with a value of 278.58 million dirhams, the most important of which was in Wadi Al-Safa 3, with a value of 177.61 million dirhams, and another in the first Umm Suqeim area, with a value of 25.5 million dirhams.
