557 apartments and villas were sold for 1.66 billion dirhams in Dubai within 24 hours

Real estate transactions in the Dubai Land Department amounted to more than 2.5 billion dirhams, as the department witnessed, on Thursday, the registration of 604 pledges of allegiance, at a value of 2.1 billion dirhams, including 47 pledges of allegiance to lands, at a value of 433.96 million dirhams, and 557 pledges of allegiance to apartments and villas, at a value of 1.66 billion dirhams.

The most important land sales came with a value of 136 million dirhams in the Business Bay area, followed by a pledge of 71 million dirhams in the Me’aisem area, followed by a pledge of 51 million dirhams in the Al Yalayis 2 area.
Al-Habibiya 5th district topped the regions in terms of the number of sales, as it recorded 16 sales at a value of 37 million dirhams, followed by Hind City 4, with 11 sales at a value of 11 million dirhams, and a third in Jebel Ali First, with 4 sales at a value of 20 million dirhams.
As for the most important sales of apartments and villas, Palm Jumeirah acquired the two most important sales, the first with a value of 65 million dirhams, the second with a value of 55 million dirhams in the Palm Jumeirah area, and finally a sale with a value of 47 million dirhams in the Business Bay area.
The Dubai Marina area topped the regions in terms of the number of sales of apartments and villas, as it recorded 65 pledges of allegiance, at a value of 253 million dirhams, followed by the Burj Khalifa region, with 53 pledges of allegiance, at a value of 172 million dirhams, and a third in Sheikh Mohammed bin Rashid Gardens, with a record of 44 pledges of allegiance, at a value of 100 million dirhams.
According to the data of the Department of Lands and Properties website, Palm Jumeirah recorded 19 residential apartment sales transactions, at a value of 350 million dirhams.
The mortgages recorded a value of 337.09 million dirhams, of which 12 land mortgages amounted to 87.24 million dirhams and 94 mortgages for villas and apartments amounted to 249.85 million dirhams, the most important of which was in the Dubai Marina area with a value of 74 million dirhams and another in the Palm Jumeirah area with a value of 50 million dirhams.
As for the donations, 32 donations were recorded, with a value of 158.95 million dirhams, the most important of which was in the Dubai Investment Park First area, with a value of 95 million dirhams, and another in the Al Thanyah Fourth area, with a value of 35 million dirhams.