Dubai Properties closed this week with AED 1.8 billion

25-04-2019 Media in\ Dubai
Real estate transactions in Dubai’s Land and Property Department have generated more than AED 1.8 billion this week.
The department has registered 928 pledges of AED 1,288 million, of which 246 are land for AED 498 million and 682 for apartments and villas valued at AED 790 million.

The most significant land sales were AED 62 million in the first Al Barsha area, followed by a pledge of AED 40 million in the fourth Tanniyah area and a 23 million dirham concession in the Satwa area.

The first area of ​​Ma’isam topped the area with a total of 139 million dirhams, followed by Al-Yafra 2 with a total of 20 million dirhams and a third with 14 million dirhams.

In terms of the most important sales of apartments and villas, a pledge of 13 million dirhams in the Burj Khalifa area as the most important sales followed by a pledge of 10 million dirhams in the Burj Khalifa area and finally a pledge of AED 7 million in the area of ​​the garage.

Al Barsha was the fourth largest region with sales of 82 million dirham and 63 million dirhams, followed by the commercial district of Dubai with a total of 69 million dirhams and a third with 60 million dirhams.

Mortgages were valued at AED 756 million, of which 83 were land mortgages valued at AED 579 million and 161 were villas and apartments valued at 177 million dirhams, the most important of which was in the Mankhool area of ​​AED 130 million and another in Nad Hessaa area of ​​AED 115 million.