Media ININ Economy We Trust
Media In – Dubai 26 March 2018
Real estate transactions in Dubai Land and Property Department have achieved more than AED 1.3 billion.
With a total of 196 million dirhams worth of AED 450 million, of which 33 million were sold for land and 230 million dirhams were sold for apartments and villas worth AED 220 million.
The most important land sales of AED 98 million were in Wadi Al-Safa 5 followed by a pledge of 20 million dirhams in the Nad Hessa area followed by a pledge of AED 18 million in Hor Al Anz area.
Al-Yafra region topped the number of sales by 13 million dirhams, followed by Sheikh Mohammed Bin Rashid Gardens with a total of 5 million dirhams and a third in Palm Jumeirah with a total of 2 million dirhams.
As for the most important sales of apartments and villas, a pledge of AED 7 million was made in Al-Jadaf area as the most important pledge, followed by a pledge of AED 7 million in Al Wasl area and finally a pledge of AED 7 million in the Burj Khalifa area.
The mortgages were valued at 850 million dirhams, of which 26 plots of land valued at 800 million dirhams and 32 villas and apartments worth 50 million dirhams, the most important in the commercial area of the Gulf of 556 million dirhams and the other in the Wadi Safa 5 worth 109 million dirhams
