4.5 billion dirhams of Dubai real estate transactions in a week

Dubai Marina led the regions in terms of the number of sales of apartments and villas.


Real estate transactions in the Dubai Land Department amounted to more than 4.5 billion dirhams. Last week, the department witnessed 1,149 pledges of 2.42 billion dirhams, of which 113 pledges of land amounted to 548.09 million dirhams, and 1,036 apartments and villas pledged at a value of 1.87 billion dirhams.

The most important land sales, with a value of 45 million dirhams, came in the second Jumeirah area, followed by a 34 million dirham sale in the "Island 2" area, and then a sale of 27 million dirhams in the Al Thanyah fourth area.

The fourth Al-Habibiya region topped the regions in terms of the number of pledges, as it recorded 41 pledges at a value of 144 million dirhams, followed by Nad Al-Sheba, the third region, with 23 pledges at a value of 57 million dirhams, then the third, with 12 pledges at a value of 28 million dirhams.

With regard to the most important sales of apartments and villas, a pledge of 68 million dirhams came in Al Thanyah 4, the most important sales, followed by a sale of 20 million dirhams in the Palm Jumeirah area, then a pledge of 18 million dirhams in the same area.

Dubai Marina topped the regions in terms of the number of sales of apartments and villas, with 117 sales of 309 million dirhams, followed by Al Thanyah Fifth, with 101 sales of 87 million dirhams, and followed by Al-Markad with 96 sales of 162 million dirhams.

The value of mortgages amounted to 1.99 billion dirhams, 94 of which were mortgages for lands worth 707.17 million dirhams and 265 mortgages for villas and apartments worth 1.28 billion dirhams, and the most important of them were in the Jebel Ali port, at a value of 480 million dirhams, and another in Wadi Al-Safa 3, at a value of 295 million dirhams.

As for the grants, 33 donations were registered, with a value of 121.89 million dirhams, the most important of which was in the Al Barsha South Al-Rabiah area, at a value of 32 million dirhams, and the other in the Palm Jumeirah area, with a value of 25 million dirhams.

- Al-Habibiya fourth district recorded 41 pledges, amounting to 144 million dirhams.

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