Media ININ Economy We Trust
Dubai 22-08-2019
The real estate transactions in Dubai Land Department reached more than 2.3 billion dirhams, where the Department witnessed the registration of 619 pledges worth 1 billion dirhams, including 105 land sales worth 377 million dirhams and 514 sales of apartments and villas valued at 623 million dirhams.
The most important land sales were AED 45 million in Hor Al Anz East followed by AED 45 million in Al Nahda II followed by AED 19 million in Al Mamzar.
Jebel Ali ranked first in the number of sales, with 59 sales worth AED 109 million, followed by Sheikh Mohammed Bin Rashid Gardens with 10 sales worth AED 45 million and the third in Al Habiya with 4 sales worth AED 10 million.
As for the most important sales of apartments and villas, a pledge of AED 16 million in Al Merkad area was followed by a pledge of AED 12 million in the Dubai Marina area and finally a pledge of AED 8 million in the Burj Khalifa area.
Dubai Marina topped the number of sales of apartments and villas with 102 sales worth AED 154 million, followed by Wadi Al Safa 2 with 42 sales worth AED 12 million and third in Business Bay with 40 sales worth AED 60 million.
The mortgages recorded a value of 1.3 billion dirhams, including 78 mortgages for land worth 1.1 billion dirhams and 126 mortgages for villas and apartments valued at 200 million dirhams, the most important in the Al Barsha South fourth with a value of 226 million dirhams and another in the Nad Nad area of 206 million dirhams.
