AED 6.3 billion revenue obtained from Dubai Property in a week

23-05-2019 Media IN Dubai

The real estate transactions in the Department of Land and Property in Dubai achieved more than 6.3 billion dirhams. This week, the department recorded 784 sales of AED 1.3 billion, of which 85 land plots worth 350 million dirhams and 699 sales of apartments and villas worth 650 million dirhams.

The most important land sales were AED 87 million in Ned Hessa, followed by a pledge of AED 16 million in the Palm Jumeirah area, followed by a pledge of AED 7 million in Nad Al Sheba.

Jebel Ali topped the regions with a total of 22 million dirhams, followed by Al-Yafra 2 with 11 million dirhams and a third in Wadi Al-Safa 7 with 7 sales worth 30 million dirhams.

In terms of the most important sales of apartments and villas, it was a pledge of AED 18 million at Palm Jumeirah as the most important pledge, followed by a pledge of AED 12 million in the Burj Khalifa area and a total of AED 10 million in the Palm Jumeirah area.

Burj Khalifa was the top selling area with sales of AED 229 million, followed by Business Bay with 62 million dirhams and a third with 56 million shares sold.

The mortgages were valued at AED 5 billion, of which 89 were mortgages valued at AED 3.9 billion, 135 were villas and apartments valued at AED 1.1 billion, the most important of which was in the Palm Jumeirah area of ​​AED 2.3 billion, and in the first Dubai Investment Park area of ​​AED 523 million