Dubai Land Department Records 14.2 Billion Dirhams in Real Estate Transactions

During the past week, real estate transactions at the Dubai Land Department amounted to more than 14.2 billion dirhams.

The weekly transaction report issued by the department yesterday stated that 4,123 sales were recorded, worth 8.79 billion dirhams, including 312 sales of lands, worth 2.95 billion dirhams, and 2,696 sales of apartments and villas, worth 5.84 billion dirhams. Mortgages recorded a value of 4.6 billion dirhams, including 87 mortgages for land worth 808.88 million dirhams, and 833 mortgages for villas and apartments worth 3.79 billion dirhams, the most important of which was in the first commercial center area with a value of 963.79 million dirhams, and another in the first Al Barsha area with a value of 462 million dirhams. As for donations, it witnessed the registration of 195 donations worth 850.43 million dirhams, the most important of which was in the first Nad Al Sheba area worth 136.86 million dirhams, and another in the Port Said area worth 95 million dirhams.

The most important land sales were worth 210.1 million dirhams in the Al Barsha South Al Thani area, followed by a sale worth 103.74 million dirhams in the “Saih Shuaib 2” area, then a sale worth 100 million dirhams in the Saih Al Dahl area.

The “Hind City 4” region topped the regions in terms of the number of sales, as it recorded 133 sales, worth 338.03 million dirhams, followed by the fifth Al-Habiyah area, recording 49 sales, worth 168.94 million dirhams, and a third in “Al-Habiyah 4,” recording 20 sales, worth 500.12 million dirhams.

The most important sales of apartments and villas were a sale worth 177.13 million dirhams in the first Nad Al Sheba area, followed by two sales in the Palm Jumeirah area, the first worth 78.63 million dirhams, and the second worth 44 million dirhams.

Al Barsha South Fourth topped the regions in terms of the number of apartment and villa sales, recording 467 sales worth 472.36 million dirhams, followed by the Dubai Maritime City area, recording 260 sales worth 503.98 million dirhams, and third in the Business Bay area, recording 234 sales worth 700.51 million dirhams.

2024-01-26 22:00:48
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