AED 10 billion Dubai real estate transactions in a week
Real estate transactions at the Dubai Land Department (DLD) last week amounted to more than AED 10 billion.
According to the weekly report of actions issued by the department yesterday, 3114 sales worth AED 7.37 billion were recorded, including 208 sales of land worth AED 1.12 billion, and 2906 sales of apartments and villas worth AED 6.25 billion.
Mortgages recorded a value of AED 2.17 billion, including 87 mortgages for land worth AED 967.55 million, and 361 mortgages for villas and apartments worth AED 1.2 billion, the most important of which was in the Jebel Ali I area with a value of AED 236 million.
The donations witnessed the registration of 341 donations worth AED 547.61 million, the most important of which was in the "Wadi Al Safa 5" area with a value of AED 114 million.
The most important land sales came in the Al Jaddaf area, where three sales were recorded, the first worth 39 million dirhams, the second with 37 million dirhams, while the third sale was worth 27 million dirhams.
Al Hebiah Fifth topped the regions in terms of the number of sales, recording 88 sales worth AED 233 million, followed by Jebel Ali First with 22 sales worth AED 73 million, and third in Hind City 4 with 20 sales worth AED 25 million.
As for the most important sales of apartments and villas, a sale worth AED 150 million in the Palm Jumeirah area came as the most important sales, followed by a sale worth AED 80 million in the "Island 2" area, and finally a sale worth AED 65 million in the Palm Jumeirah area.
Al Barsha South topped the regions in terms of the number of sales of apartments and villas, recording 677 sales worth AED 498 million, followed by Dubai Marina with 293 sales worth AED 213 billion and third in Business Bay with 372 sales worth AED <> million.