«Dubai Lands»: Registration of 229 pledges of allegiance, amounting to 628.56 million dirhams

Dubai real estate transactions record 2.3 billion dirhams

«Dubai Marina» recorded 18 sales of apartments.

archival

Yesterday, real estate transactions in the Dubai Land Department registered more than 2.3 billion dirhams.

The department witnessed the registration of 229 pledges of allegiance worth 628.56 million dirhams, including 14 pledges of land, worth 71.03 million dirhams, and 215 pledges of allegiance to apartments and villas, worth 557.53 million dirhams.

land sales

The most important land sales of 11 million dirhams in the “Hadayek Sheikh Mohammed bin Rashid” area, followed by a pledge of 10 million dirhams in the “Wadi Al-Safa 3” area, and then a pledge of 10 million dirhams in the “Al Barsha South of the Fourth” area.

"Al Habiya Al-Third" topped the regions in terms of the number of allegiances, with four sales worth 15 million dirhams, followed by "Sheikh Mohammed bin Rashid Gardens" with two pledges of 18 million dirhams, and a third in "Al Yafra 3", with two pledges of four million dirhams.

Sales of apartments and villas

A pledge of 40 million dirhams in the “Burj Khalifa” area came as the most important sale of apartments and villas, followed by a pledge of 30 million dirhams in the “Palm Jumeirah” area, then a pledge of 22 million dirhams in the “Al Thanya Fourth” area.

"Dubai Marina" topped the regions in terms of the number of pledges of allegiance to apartments and villas, recording 18 pledges of 34 million dirhams, followed by "Al-Markadh" with 17 pledges of 35 million dirhams, and third in "Al-Habibiya Fourth" with 17 pledges of 33 million dirhams.

Mortgages and gifts

In turn, the mortgages recorded a value of 1.68 billion dirhams, including 14 mortgages of land, worth 397.54 million dirhams, and 119 mortgages for villas and apartments, with a value of 1.28 billion dirhams, the most important of which was in the "Al Nahda II" area with a value of 320 million dirhams, and another in the "Al Qusais Fifth Industrial Area" with a value of AED 320 million. 159 million dirhams.

As for the donations, 13 donations worth 20.44 million dirhams were registered, the most important of which were in the "Al-Bidaa" area with a value of seven million dirhams, and another in the "Burj Khalifa" area with a value of four million dirhams.

7.1 billion dirhams of Dubai real estate transactions in a week

During the week ending on the seventh of this October, real estate transactions in the Dubai Land Department amounted to more than 7.1 billion dirhams.

The department witnessed the registration of 1,465 pledges of allegiance worth 3.67 billion dirhams, including 158 allegiance to land, worth 586.15 million dirhams, and 1,307 sales of apartments and villas, with a value of 3.08 billion dirhams.

Mortgages recorded a value of 3.12 billion dirhams, including 55 mortgages for lands, and 314 mortgages for villas and apartments.

As for donations, 125 donations were recorded, with a value of 340.04 million dirhams.

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