Media ININ Economy We Trust
MediaIn – Dubai, March 1, 2018
Real estate transactions in the Land and Property Department in Dubai achieved more than 4.2 billion dirhams, the most prominent being mortgages worth 3 billion dirhams through 302 procedures.
A total of 711 plots of land worth AED 400 million and 638 apartments and villas worth 800 million dirhams have been sold.
The most important land sales were AED 75 million in the Gulf Trade Zone followed by a pledge of AED 40 million in the fourth Thiena region followed by a pledge of AED 29 million in the second Dubai Investment Park area.
Dubai Investment Park II topped the list with 11 million shares, followed by Worsan Al-Oula (11) with a total value of AED 29 million and a third in Wadi Al-Safa 3 with a total of 8 million dirhams.
In terms of the most important sales of apartments and villas, the value of AED 8 million was recognized as the most important selling area, followed by the sale of AED 8 million in the Island 2 area and the sale of AED 8 million in the Palm Jumeirah area.
The mortgages were valued at AED 3 billion, of which 118 were land mortgages valued at AED 2.8 billion and 184 were villas and apartments worth 200 million dirhams, the most important of which was Wadi Al Safa 4 with a value of AED 2.1 billion and another in the fourth district of Al Barsha with a value of AED 89 million.to profitability of 10.3 million dirhams.
