Media ININ Economy We Trust
Dubai, August 15 / Real estate transactions in the Dubai Land Department amounted to more than 2.08 billion dirhams. Today, the department witnessed the registration of 589 pledges of allegiance, at a value of 1.46 billion dirhams, including 24 pledges of allegiance to land, at a value of 97.82 million dirhams, and 565 pledges of allegiance to apartments and villas, at a value of 1.36 billion dirhams.
The most important land sales came with a value of 18 million dirhams in the Merkad area, followed by a pledge of 18 million dirhams in the first Me’aisem area, followed by a pledge of 9 million dirhams in the fourth district of Al Habiya.
The city of Hind 4 topped the regions in terms of the number of allegiance, as it recorded 5 allegiance at a value of 7 million dirhams, followed by the fifth district of Al-Habibia, with 5 allegiance at a value of 14 million dirhams, and a third in Jebel Ali, the first, with 3 allegiance at a value of 17 million dirhams.
As for the most important sales of apartments and villas, it was a sale of 54 million dirhams in the third industrial area of Al Quoz, as the most important sale, followed by a sale of 31 million dirhams in the Dubai Marina area, and finally a sale of 26 million dirhams in the Sheikh Mohammed bin Rashid Gardens area.
The Business Bay region also topped the regions in terms of the number of sales of apartments and villas, as it recorded 75 pledges of allegiance, at a value of 173 million dirhams, followed by the Al Barsha area south of the fourth, with 61 pledges of 55 million dirhams, and a third in Merkad, with 45 pledges of 87 million dirhams.
The mortgages recorded a value of 253.76 million dirhams, of which 22 land mortgages amounted to 29.76 million dirhams, and 90 mortgages for villas and apartments amounted to 224.01 million dirhams.
As for donations, 21 donations were recorded, with a value of 359.73 million dirhams, the most important of which was in the First Trade Center area, with a value of 295.46 million dirhams, and another in the Al Muraqqabat area, with a value of 12.82 million dirhams.
