Media ININ Economy We Trust
Dubai 27-10-2019
The real estate transactions of Dubai Land Department today reached more than AED 1.2 billion.
The Department witnessed 179 sales of AED 450 million of which 21 were land sales worth AED 175 million and 158 sales of apartments and villas valued at AED 275 million.
The most important land sales amounted to AED 60 million in HH Sheikh Mohammed Bin Rashid Gardens followed by AED 48 million in Wadi Al-Amadi followed by AED 11 million in Al Barsha South South.
Wadi Al Safa topped the list in terms of sales, with 6 sales worth AED 17 million, followed by Al Thanyah 5 with AED 8 million and the third in Jebel Ali with AED 11 million.
With regard to the most important sales of apartments and villas, a pledge of AED 9 million in the island 2, followed by a pledge of AED 8 million in the island 2 and finally AED 7.6 million in the island 2.
Wadi Al Safa topped the list in terms of the number of sales of apartments and villas with 25 sales valued at AED 36 million, followed by Business Bay with 22 sales valued at AED 26 million and a third in the city with 21 sales valued at AED 25 million.
The mortgages registered a value of AED 750 million, of which 26 land mortgages worth AED 700 million and 32 mortgages for villas and apartments worth AED 50 million, the most important of which were in the Jebel Ali Port area of AED 480 million and the other in Mankhool area worth AED 45 million.
