Media ININ Economy We Trust
Dubai, March 9/ Real estate transactions in the Dubai Land Department today amounted to more than 1.8 billion dirhams, as the department witnessed the registration of 502 pledges of allegiance at a value of 1.2 billion dirhams, including 41 pledges of allegiance to lands, at a value of 318.68 million dirhams, and 461 pledges of allegiance to apartments and villas, at a value of 881.84 million dirhams.
The most important land sales came with a value of 63 million dirhams in the Fifth Al Thanyah area, followed by a pledge of 36 million dirhams in the first Jumeirah area, followed by a pledge of 30 million dirhams in the Sheikh Mohammed bin Rashid Gardens area.
The fifth Al-Habibiyah region topped the regions in terms of the number of sales, as it recorded 15 sales at a value of 45 million dirhams, followed by the Airport City area, with 7 sales at a value of 26 million dirhams, and a third in Sheikh Mohammed bin Rashid Gardens, with 3 sales at a value of 45 million dirhams.
With regard to the most important sales of apartments and villas, the sale amounted to 45 million dirhams in the Island 2 area, as the most important sale, followed by the sale of 40 million dirhams in the fourth district of Al-Hubiya, and finally the sale of 10 million dirhams in the Palm Jumeirah area.
Al Barsha South topped the three regions in terms of the number of sales of apartments and villas, as it recorded 47 pledges of allegiance, at a value of 21 million dirhams, followed by Al Merkad region, with 39 pledges of allegiance, at a value of 69 million dirhams, and a third in Al Barsha South Fourth, recording 38 pledges of allegiance, at a value of 30 million dirhams.
The mortgages recorded a value of 388.51 million dirhams, of which 22 land mortgages amounted to 205.88 million dirhams and 76 mortgages of villas and apartments amounted to 182.63 million dirhams.
As for donations, 66 donations were registered, with a value of 212.62 million dirhams, the most important of which was in Wadi Al-Safa 3, with a value of 90 million dirhams, and another in the first Jebel Ali area, with a value of 29 million dirhams.
