Economy News: 5.5 billion dirhams of Dubai real estate transactions in a week

Real estate transactions in the Dubai Land Department this week amounted to more than 5.5 billion dirhams.

The department witnessed the recording of 631 pledges of allegiance to the value of 1.16 billion dirhams, including 102 sales of lands worth 477.4 million dirhams, and 529 sales of apartments and villas worth 681.78 million dirhams.

The most important land sales with a value of 51 million dirhams came in the Nad Al Hamar area, followed by a sale of 28 million dirhams in the first Dubai Investment Park area, and then a sale of 19 million dirhams in the second Jumeirah area.

Nad Al Sheba, the third region, topped the regions in terms of the number of sales, as it recorded 14 pledges at a value of 34 million dirhams, followed by the Jebel Ali region, the first, with 11 sales of 44 million dirhams, and the third in Sheikh Mohammed bin Rashid Gardens, with 9 sales of 51 million dirhams.

With regard to the most important sales of apartments and villas, a pledge of 68 million dirhams in Al Thanyah 4 was the most important, followed by a sale of 10 million dirhams in the first Jumeirah area, and finally a 10 million dirham sale in the first Jumeirah area.

Al Barsha South fourth district topped the regions in terms of the number of sales of apartments and villas, with 64 sales of 37 million dirhams, followed by Dubai Marina with 47 sales of 65 million dirhams and a third in Business Bay with 35 sales of 44 million dirhams.

Mortgages recorded a value of 4.12 billion dirhams, 146 of which were mortgages of lands worth 3.98 billion dirhams and 115 mortgages of villas and apartments with a value of 138.82 million dirhams.

As for the donations, 53 donations worth 269.16 million dirhams were registered, the most important of which was in Port Said, with a value of 75 million dirhams, and another in Al-Qusais Second Industrial Zone, with a value of 26 million dirham