1.2 billion dirhams of Dubai real estate transactions today

Real estate transactions in the Dubai Land Department today amounted to more than 1.2 billion dirhams, as the department witnessed the registration of 446 pledges of allegiance, valued at 1.07 billion dirhams, including 70 sales of land, with a value of 261.85 million dirhams, and 376 sales of apartments and villas, with a value of 803.87 million dirhams.

The most important land sales worth AED 36 million in the Island 2 area, followed by a pledge of AED 28 million in the Al Barsha South Al Thani area, followed by a pledge of AED 10 million in the Al Merkadh area.

Al Habiyah Fifth District topped the regions in terms of the number of pledges, with 43 pledges worth 106 million dirhams, followed by the first Jebel Ali area with 8 pledges of 30 million dirhams, and the third in Al Yafra 2 with 5 pledges of 6 million dirhams.

With regard to the most important sales of apartments and villas, a pledge of 55 million dirhams in the Island 2 area came as the most important pledge, followed by a pledge of 25 million dirhams in the Burj Khalifa area, and finally a pledge of 25 million dirhams in the Al-Markadh area.

Dubai Marina topped the regions in terms of the number of pledges of allegiance to apartments and villas, with 50 pledges of 123 million dirhams, followed by the Business Bay area with 42 pledges of 53 million dirhams, and the third in Al-Markadh, with 34 pledges of 58 million dirhams.

The mortgages recorded a value of 168.99 million dirhams, including 18 mortgages of land worth 26.71 million dirhams and 67 mortgages of villas and apartments worth 142.29 million dirhams.

As for donations, it witnessed the registration of 29 donations worth 34.46 million dirhams, the most important of which was in the Al-Markadh area with a value of 11 million dirhams, and another in the Wadi Al-Safa 3 area with a value of 10 million dirhams.

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