Media ININ Economy We Trust
Media In – Dubai 19 March 2018
Real estate transactions in Dubai’s Land and Property Department have generated more than 2.2 billion dirhams, the most prominent being mortgages worth AED 1.8 billion through 58 transactions.
With a total of 142 million dirhams, of which 15 million were sold for land and 200 million dirhams were sold for apartments and villas worth 200 million dirhams.
The most important sales of land amounted to AED 40 million in the gardens of Sheikh Mohammed bin Rashid followed by a pledge of 25 million dirhams in the area of land and followed by a pledge of 24 million dirhams in the area of Al Barsha South Fourth.
The area of Wadi Al Safa 3 was the highest in terms of number of sales, with a total of 2 million dirhams, followed by a 2 million square meter rental area and a third in Sheikh Mohammed Bin Rashid Gardens with a total value of AED 56 million.
As for the most important sales of apartments and villas, it was a pledge of 43 million dirhams in Burj Khalifa as the most important sales, followed by a pledge of AED 8 million in Al Wasl area and finally a pledge of AED 4 million in the Dubai Marina area.
The mortgages were valued at 1.8 billion dirhams, of which 30 plots of land valued at 1.2 billion dirhams and 28 villas of villas and apartments worth 600 million dirhams, the most important of which was in the Burj Khalifa area of AED 579 million and in the gardens of Sheikh Mohammed bin Rashid for 421 million dirhams.
