Media ININ Economy We Trust
Dubai, 27-06-2019
The real estate transactions in the Dubai Land Department this week have generated more than AED 4.4 billion.
During the week, the department recorded 887 sales of AED 1.9 billion, of which 105 land sales were valued at AED 700 million and 782 sold for apartments and villas valued at AED 1.2 billion.
The most significant land sales of AED 30 million were in the Jebel Ali Industrial Area, followed by a pledge of AED 29 million in the Palm Jumeirah area, followed by a pledge of AED 28 million in the fourth Tanniyah region.
The first area in terms of sales was 18 million dirhams, followed by the first Nad Al Sheba area with 17 million dirhams worth of AED 84 million and a third in Wadi Al Safa 6 with a total of 13 million dirhams.
In terms of the most important sales of apartments and villas, 58 million dirhams were pledged in the Burj Khalifa area as the most significant sales, followed by a pledge of AED 26 million in the area of the garage and finally a pledge of AED 21 million in the Burj Khalifa area.
The Sheikh Mohammed Gardens area topped the region with sales of 102 million dirhams, followed by Burj Khalifa with 90 million dirhams (AED 305.5 million) and third in Khairan (72), with a total value of 126 million dirhams.
Mortgages were valued at 2.5 billion dirhams, 110 of which were land mortgages valued at 2.1 billion dirhams and 221 were villas and apartments valued at 400 million dirhams, the most important of which was the first commercial center area with a value of 697 million dirhams.
