7.4 billion dirhams of real estate transactions in Dubai within a week

Real estate transactions in the Dubai Land Department amounted to more than 7.4 billion dirhams, and this week the department recorded 1,314 allegiances worth 4.95 billion dirhams, including 177 allegiance to land, with a value of 2.15 billion dirhams, and 1137 allegiances to apartments and villas, with a value of 2.8 billion dirhams.

The most important land pledges were valued at 758 million dirhams in the Fifth Habiya area, followed by a pledge of 264 million dirhams in the Fifth Habiya area, followed by a pledge of 150 million dirhams in the Deira Palm area.

Jebel Ali first region topped the regions in terms of the number of pledges, with 40 pledges worth 113 million dirhams, followed by Wadi Al-Safa 5, with 37 pledges, worth 181 million dirhams, and third in Sheikh Mohammed bin Rashid Gardens, with 19 pledges, worth 329 million dirhams.

As for the most important sales of apartments and villas, a pledge of 92 million dirhams was pledged in the Island 2 area, followed by a pledge of 60 million dirhams in the Palm Jumeirah area, and finally a pledge of 50 million dirhams in the third Umm Suqeim area.

The Dubai Marina area topped the regions in terms of the number of pledges of allegiance to apartments and villas, with 132 pledges of 370 million dirhams, followed by Burj Khalifa, with 122 pledges, worth 397 million dirhams, and the third in Business Bay, with 102 pledges, worth 167 million dirhams.

Mortgages recorded a value of 2.16 billion dirhams, including 69 mortgages of land with a value of 1.39 billion dirhams, and 229 mortgages for villas and apartments, with a value of 767.27 million dirhams.

As for the donations, 73 donations worth 326.01 million dirhams were registered, the most important of which were in Port Saeed, worth 85 million dirhams, and another in the Al Barsha 1 area, with a value of 75 million dirhams.

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