Media ININ Economy We Trust
Dubai, May 12 / Real estate transactions in the Dubai Land Department today amounted to more than 1.1 billion dirhams.
The department witnessed the registration of 415 pledges of allegiance at a value of 980.85 million dirhams, including 46 pledges of allegiance to land at a value of 298.28 million dirhams and 369 pledges of allegiance to apartments and villas at a value of 682.57 million dirhams.
The most important land sales came with a value of 47 million dirhams in the second Hassian area, followed by a pledge of 27 million dirhams in the fourth Al Thanyah area, followed by a pledge of 25 million dirhams in the Sheikh Mohammed Bin Rashid Gardens area.
Al-Habibiyah 5th region topped the regions in terms of the number of sales, as it recorded 19 pledges at a value of 50 million dirhams, followed by the first Jebel Ali region, with 6 sales at a value of 25 million dirhams, and a third in Al-Habibia, the third, with 4 sales at a value of 11 million dirhams.
With regard to the most important sales of apartments and villas, the sale amounted to 15 million dirhams in the second Al-Sufouh area, as the most important sale, followed by the sale of 15 million dirhams in the first Al-Khawaneej area, and finally the sale of 11 million dirhams in the Wadi Al-Safa 6 area.
Al Barsha, south of the Fourth District, topped the areas in terms of the number of sales of apartments and villas, as it recorded 58 sales, at a value of 48 million dirhams, followed by Wadi Al-Safa 5, with 45 sales at a value of 100 million dirhams, and a third in Dubai Marina, with 38 sales at a value of 87 million dirhams.
The mortgages recorded a value of 169.82 million dirhams, including 14 land mortgages with a value of 38.6 million dirhams and 62 mortgages for villas and apartments with a value of 131.22 million dirhams.
As for donations, 6 of them were registered, with a value of 18.78 million dirhams, the most important of which was in the Wadi Al-Safa 2 area, with a value of 10 million dirhams, and another in the Sheikh Mohammed bin Rashid Gardens area, with a value of 4 million dirhams.
