1.4 billion dirhams of Dubai real estate transactions
A luxury villa on the "Palm Jumeirah" was sold for 128.5 million dirhams
The villa extends over an area of 16,000 square feet.
From the source
The Albago real estate development group announced the sale of the luxury “Framed Allure” villa on Frond “G” of “Palm Jumeirah” at a price of 35 million US dollars (about 128.5 million dirhams), at a time when real estate transactions were registered in the Dubai Land Department. Yesterday, more than 1.4 billion dirhams.
In a statement, the group described the villa as a unique engineering marvel and a masterpiece of design and decoration, signed by the architectural company "EAA - Emre Arollat".
The founder of Alpago Real Estate Group, Murat Ayyldiz, and Vice Chairman of the Board of Directors, Ridwan Ayyldis, said: “The sale of this luxury villa confirms the trust placed by the elite dealers in us, and their support for us to shape the luxury real estate sector in Dubai, and villas are sure to return. Luxury is in the billionaires row on Frond (G) of (Palm Jumeirah), with significant positive effects in the luxury real estate market in Dubai, and this sale also cements the company’s position in the development of luxury and high-level properties.”
According to the statement, the five-bedroom villa extends over an area of 16,000 square feet, with an interior area of 18,000 square feet, spread over four floors, including: the basement, the ground floor, the first, and the second, while work is scheduled to be completed on the villa in the last quarter. From this year 2022, to be one of the most prominent features of the architectural scene in Dubai.
The villa also includes various facilities, such as a home cinema, private gym, infinity pool and relaxation lounge.
In addition, real estate transactions in the Dubai Land Department recorded yesterday more than 1.4 billion dirhams, as the department witnessed the registration of 379 pledges of allegiance, valued at 1.09 billion dirhams, including 20 sales of land with a value of 331.11 million dirhams, and 359 sales of apartments and villas with a value of 755.34 million dirhams.
The most important land sales worth 167 million dirhams in the "Burj Khalifa" area, followed by a pledge of 50 million dirhams in the "Palm Jumeirah" area.
"Al Yafra 2" topped the regions in terms of the number of sales, after it recorded eight sales worth nine million dirhams.
A pledge of 35 million dirhams came in the “Palm Jumeirah” area, as it was the most important sales of apartments and villas, at a time when “Al-Markadh” topped the regions in terms of the number of sales of apartments and villas, with 34 pledges of 118 million dirhams.
In turn, the mortgages recorded a value of 319.78 million dirhams, including 18 mortgages of land, valued at 148.89 million dirhams, and 78 mortgages for villas and apartments, with a value of 170.89 million dirhams.
As for donations, 18 donations worth 35.4 million dirhams were recorded.
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