Media ININ Economy We Trust
25-02-2019 Media in\ Dubai
Real estate transactions in the Land and Property Department in Dubai today achieved more than AED 799 million.
The Department has recorded 220 pledges of AED 498 million, including 11 plots of land for AED 48 million and 209 apartments and villas for AED 450 million.
The most significant land sales were AED 9.1 million in the first area of Maisam, followed by a pledge of AED 7 million in the Sheikh Mohammed Bin Rashid Gardens area, followed by a pledge of AED 7 million in Sheikh Mohammed Bin Rashid Gardens.
Al Safa 2 area topped the number of sales by recording 3 sales of AED 8 million followed by Al-Yafra 2 with sales of AED 2 million and a third in Sheikh Mohammed Gardens with sales of AED 15 million.
In terms of the most important sales of apartments and villas, a total of AED 44 million was pledged in the Burj Khalifa area as the most significant pledge, followed by a pledge of AED 25 million in the Palm Jumeirah area and a total of AED 25 million in the Palm Jumeirah area.
Dubai Marina region topped the region with sales of AED 85 million, followed by the Palm Jumeirah area with a total of 34 million dirhams and a third in the Business Bay with a total of 21 million dirhams.
Mortgages were valued at AED 301 million, of which 13 were land mortgages valued at AED 225 million and 69 were for villas and apartments valued at AED 76 million, the most important of which was AED 195 million in Dubai Investments Park and AED 32 million in Dubai Marina area.
