2 billion dirhams real estate transactions in Dubai

Real estate transactions at the Dubai Land Department amounted to more than 2 billion dirhams, as the department witnessed today the registration of 552 sales worth 1.67 billion dirhams, including 25 sales of land worth 336.38 million dirhams and 527 sales of apartments and villas worth 1.34 billion dirhams.

  Land sales amounting to 65.26 million dirhams

The most important land sales came at a value of 65.26 million dirhams in the Palm Jebel Ali area, followed by a sale worth 42.2 million dirhams in the Palm Jebel Ali area, followed by a sale worth 23.59 million dirhams in the Palm Jebel Ali area.

The Palm Jebel Ali area topped the regions in terms of the number of sales, recording 8 sales worth 233.04 million dirhams, followed by Hind City 4, recording 3 sales worth 3.16 million dirhams, and a third in Business Bay, recording 3 sales worth 15.3 million dirhams.

  Sales of apartments and villas

As for the most important sales of apartments and villas, a sale worth 46 million dirhams came in the Palm Jumeirah area as the most important sale, followed by a sale worth 44 million dirhams in the Burj Khalifa area, and finally a sale worth 32.81 million dirhams in the first Jebel Ali area.

The Al Barsha South Fourth area topped the regions in terms of the number of apartment and villa sales, recording 104 sales worth 92.6 million dirhams, followed by the Sheikh Mohammed bin Rashid Gardens area, recording 74 sales worth 178.04 million dirhams, and third in Business Bay, recording 50 sales worth 101.09 million dirhams.

The mortgages recorded a value of 340.21 million dirhams, including 13 land mortgages worth 46.46 million dirhams and 86 mortgages on villas and apartments worth 293.75 million dirhams, the most important of which was in the Al Hamriyah area worth 125 million dirhams and another in the Dubai Investment Park II area worth 28 million dirhams.

As for donations, 27 donations were recorded, worth 80.02 million dirhams, the most important of which was in the Al Awir II area, worth 16.86 million dirhams, and another in the Al Bidaa area, worth 14.21 million dirhams.

Non-oil business in the UAE

A survey showed that non-oil business activities in the UAE grew strongly in December, with a jump in new orders supporting strong production, enhancing the prospects for continued expansion in 2024.

The Standard & Poor's Global UAE Purchasing Managers' Index, adjusted for seasonal factors, rose to 57.4 in December from 57.0 in November, well above the 50.0 level that indicates growth in activity and the second highest reading in more than 4 years.

The survey results showed that overall production remained strong with its sub-index reaching 63.9 in December, unchanged from the previous month, amid an increase in new business at the end of the year and a strong flow of sales.