Al Mamzar leads in land sales
4.4 billion dirhams of Dubai real estate transactions during the week
"Business Bay" recorded 126 pledges of 142 million dirhams.
Photography: Ashok Verma
Real estate transactions in the Dubai Land Department during the last week of 2020 amounted to more than AED 4.4 billion.
The department stated, in a statement yesterday, that it witnessed 1011 pledges of allegiance to the value of 1.7 billion dirhams, of which 83 pledges of land amounting to 389.34 million dirhams, and 928 pledges to apartments and villas worth 1.32 billion dirhams.
Land sales
According to the department, the most important land sales, with a value of 23 million dirhams, came in the "Palm Jumeirah" area, followed by a pledge of 19 million dirhams in the "Jumeirah One" area.
"Al-Mamzar" topped the regions in terms of the number of pledges, after it recorded 17 pledges of allegiance at a value of 95 million dirhams, followed by the "Al-Habibiya Al-Fourth" region with 13 pledges of 30 million dirhams, and a third in "Al-Habiba Al-Three" with nine sales of 15 million dirhams.
Sales of apartments and villas
A pledge of 33 million dirhams in the "Al Thanyah Fourth" area came as the most important sale of apartments and villas, followed by a pledge of 16 million dirhams in the same area, then a pledge of 13 million dirhams in the "Dubai Marina".
“Business Bay” topped the regions in terms of the number of sales of apartments and villas, with 126 sales of 142 million dirhams, followed by the Sheikh Mohammed bin Rashid Gardens, with 109 sales of 117 million dirhams, and a third in “Al-Barsha South Fourth” with 108 sales of 64 million Dirhams.
Mortgages and donations
The value of mortgages amounted to 2.52 billion dirhams, including 54 mortgages for lands worth 659.83 million dirhams, and 211 mortgages for villas and apartments worth 1.86 billion dirhams, the most important of which was in the "Palm Jumeirah" area, at a value of one billion dirhams.
In turn, the donations witnessed the registration of 43 donations with a value of 189.06 million dirhams, the most important of which was in the “Al Barsha 1” area, with a value of 73 million dirhams, and another in the “Warsan Al-Oula” area, valued at 40 million dirhams.
397 million dirhams spent on the last day of 2020
Yesterday, Thursday (last day of 2020) real estate transactions achieved more than 397 million dirhams.
"Dubai Land" witnessed the registration of 80 pledges amounting to 170.1 million dirhams, including eight sales of land, amounting to 71.84 million dirhams, and 72 sales of apartments and villas, amounting to 98.26 million dirhams.
In turn, mortgages recorded a value of 227.41 million dirhams, of which 14 mortgages were for lands valued at 174.19 million dirhams, and 23 mortgages for villas and apartments worth 53.22 million dirhams, the most important of which was in the “Nad Hessa” area with a value of 157 million dirhams, and another in the “First Dubai Investment Park” area. Worth 25 million dirhams.
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