Dh3.3 b worth of Dubai property transactions made in just a week

Dh3.3 b worth of Dubai property transactions made in just a week

Most important land sale, with a value of Dh38 m, was in the Al Thaniyah 4 area.

The value of real estate transactions in the Dubai Land Department this week amounted to more than Dh3.3 billion.

The department witnessed the registration of 856 pledges of Dh1.61 billion, including 54 pledges of land, amounting to Dh195.34 million, and 802 sales of apartments and villas, amounting to Dh1.41 billion.

The most important land sales, with a value of Dh38 million, was in the Al Thaniyah 4 area, followed by a Dh17 million pledge in Al Barsha South of the Fifth District, followed by a pledge of Dh11 million in Sheikh Mohammed bin Rashid Gardens.

Nad Al Sheba, the third region, topped the regions in terms of the number of sales, as it recorded 20 pledges at a value of Dh48 million, followed by the Al-Wafra 2 region, with 12 pledges amounting to Dh12 million and a third in Sheikh Mohammed bin Rashid Gardens, with 5 sales of Dh41 million.

With regard to the most important sales of apartments and villas, a pledge of Dh50 million came in the second Umm Hurair area, the most important of which was followed by a sale of Dh44 million in the Palm Jumeirah area, and finally a pledge of Dh30 million in the Al Thanyah Fourth area.

The Business Bay area topped the regions in terms of the number of sales of apartments and villas, with 113 sales of Dh144 million, followed by Sheikh Mohammed bin Rashid Gardens, with 74 pledges at Dh141 million, and a third in Dubai Marina, with 70 sales of Dh138 million.

And mortgages recorded a value of Dh1.41 billion, of which 85 mortgages of lands valued at Dh583.27 million and 293 mortgages of villas and apartments with a value of Dh831.71 million, the most important of which was in the first Umm Hurair area, at a value of Dh280 million, and another in Gezira 2, with a value of Dh192 million.

As for donations, 98 donations valued at Dh323.03 million were registered, the most important of which was in Nad Al Sheba 2, with a value of Dh45 million, and another in the Al Thanya 4.

Source Credit: Khaleej Times | WAM | Dubai | Filed on February 5, 2021

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