7.8 billion dirhams of Dubai real estate transactions in a week

The value of real estate transactions in the Dubai Land Department this week amounted to more than 7.8 billion dirhams.

The department witnessed the registration of 1,558 pledges of allegiance worth 4.45 billion dirhams, of which 246 pledged allegiance to land, worth 1.49 billion dirhams, and 1,312 pledges of allegiance to apartments and villas, worth 2.96 billion dirhams.

The most important land sales of 180 million dirhams in the Ras Al Khor Industrial 1 area, followed by a pledge of 153 million dirhams in the Al-Markadh area, followed by a pledge of 105 million dirhams in the Al Yafra 3 area.

Al-Habiya fifth region topped the regions in terms of the number of pledges, with 147 pledges worth 351 million dirhams, followed by Wadi Al-Safa 5 with 20 pledges of 95 million dirhams, and the third in Al-Markadh, with 14 pledges worth 260 million dirhams.

With regard to the most important sales of apartments and villas, a pledge of 50 million dirhams in the Me’aisem area came as the most important pledge, followed by a pledge of 41 million dirhams in the Palm Jumeirah area, and finally a pledge of 40 million dirhams in the Island 2 area.

The Business Bay region topped the regions in terms of the number of sales of apartments and villas, with 116 sales worth 141 million dirhams, followed by the Burj Khalifa area, with 110 sales, with a value of 332 million dirhams, and the third in Dubai Marina, with 103 sales, with a value of 282 million dirhams.

Mortgages recorded a value of 2.87 billion dirhams, including 66 mortgages of land worth 1.07 billion dirhams, and 264 mortgages of villas and apartments worth 1.8 billion dirhams.

While 80 donations worth AED 497.69 million were registered, the most important of which was in Wadi Al Safa 3 area, worth AED 234 million, and another in Al Barsha 1 area, worth AED 50 million.

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