Media ININ Economy We Trust
Media IN\WAM November 15, 2018
Dubai Land Department said it has achieved more than AED 3.2 billion in real estate transactions during the week, most notably mortgages worth two billion dirhams through 247 transactions.
During the week, the department recorded 668 shares worth AED 1.2 billion, of which 109 million were sold for land and AED 559 million were sold for apartments and villas valued at AED 700 million.
The most important land sales were AED 115 million in Wadi Al Safa 2 followed by a pledge of AED 65 million in the Grand Souq area followed by a pledge of AED 16 million in Sheikh Mohammed Bin Rashid Gardens.
Al-Yafra region topped the list with 30 sales of 39 million dirhams, followed by Al Habia’s third with 19 million dirhams and a third in Wadi Al Safa 6 with 9 sales worth 32 million dirhams.
In terms of the most important sales of apartments and villas, a total of AED 21 million was pledged at Palm Jumeirah as the most important pledge, followed by a pledge of AED 16 million in the Palm Jumeirah area and a total of AED 12 million in Palm Jumeirah.
The first area of the Worsan region was in terms of the number of sales of apartments and villas, with 88 sales of AED 40 million, followed by the Gulf Business Zone with 84 shares sold at 121 million dirhams and a third in Al Barsha, the fourth, with a total of 45 million dirhams.
Mortgages were valued at AED 2 billion, of which 94 were land mortgages valued at AED 1.8 billion, 153 were villas and apartments valued at 200 million dirhams, the most important of which was Wadi Al Safa 3 with a value of AED 703 million and another in the Airport City area of AED 351 million.
