465 sales of apartments and villas worth AED 1.1 billion recorded

Dubai real estate transactions record AED 2.3 billion

Palm Jumeirah has sold AED 28 million worth of apartments and villas. Archival

Real estate transactions at the Dubai Land Department (DLD) yesterday exceeded AED 2.3 billion.

The department witnessed the registration of 502 sales worth AED 1.44 billion, including 37 sales of land worth AED 340.65 million, and 465 sales of apartments and villas worth AED 1.1 billion.

The most important land sales were AED 150 million in Al Thanyah IV, followed by AED 44 million in Al Barsha South Fourth, and AED 14 million in the same area.

"Hind City 4" topped the regions in terms of the number of sales, after recording 10 sales worth 13 million dirhams, followed by the "Fifth Al Hebiah" area with six sales worth 14 million dirhams, and the third in "Al Hebiah IV" with six sales worth 51 million dirhams.

A sale worth AED 170 million in Wadi Al Safa 3 was the most important sale of apartments and villas, followed by a sale worth AED 28 million in Palm Jumeirah, and finally a sale worth AED 20 million in Dubai Marina.

Al Barsha South topped the regions in terms of the number of sales of apartments and villas, recording 68 sales worth AED 57 million, followed by the First Lagoons with 33 sales worth AED 73 million, and the third in Dubai Marina with 31 sales worth AED 111 million.

In turn, mortgages recorded a value of AED 898.52 million, including 17 mortgages for land worth AED 29.82 million, and 78 mortgages for villas and apartments worth AED 868.7 million, the most important of which were in the Business Bay area with a value of AED 520 million, and another in the Al Sufouh II area with a value of AED 158 million.

As for the donations, 13 donations worth AED 21 million were recorded, the most important of which was in Business Bay with a value of nine million dirhams.