Media ININ Economy We Trust
Media In – Dubai February 20, 2018
Real estate transactions in the Land and Property Department in Dubai have reached AED 1.4 billion, most notably mortgages worth AED 1.1 billion through 34 transactions.
With a total value of AED 336 million, of which AED 195 million was sold for AED 195 million and 121 million for apartments and villas valued at AED 141 million.
The most important sales of land amounted to AED 112 million in the Gulf Trade Zone, followed by a pledge of AED 23 million in the first Nad Al Sheba area, followed by a pledge of AED 19 million in the first Lahab area.
The first area in terms of number of sales was 2 million dirhams, followed by Nad Al Sheba 1 with 2 million dirhams and 3 in Jebel Ali, with a total of 2 million dirhams.
As for the most important sales of apartments and villas, it was a pledge of AED 7 million in Al Wasl area as the most important pledge, followed by a pledge of AED 5 million in the Dubai Marina area and finally a pledge of AED 4 million in the Dubai Marina area.
The mortgages were valued at 1.1 billion dirhams, including 10 land mortgages worth 1 billion dirhams and 24 villas and apartments worth 26 million dirhams, the most important of which was the first commercial center area of 1 billion dirhams and the other in the area of Umm Rumwal worth 28 million dirhams
