3.4 billion of AED in real estate transactions in Dubai in a week



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Real estate transactions in Dubai's land department generated more than 3.4 billion AED, the largest of which is the pledge of a 1.9 billion AED commitment related to 271 transactions. During the week, the department recorded 724 shares valued at 1.5 billion of AED, of which 136 land titles valued at 600 million 588 and AED 900 million for apartments and villas.

The largest land sales were AED 59 million to Jebel Ali, followed by a commitment of AED 35 million in the first district of Husayn, followed by a commitment of AED 31 million in the fourth region from Tanniyah.

The region of Al Safa 5 surpassed the turnover with 28 sales of 79 million AED, followed by Al-Yafra 2 with a total of 24 million dirhams and one-third at Nad Al Sheba, with 9 sales worth 21 million dirhams.

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With regard to the largest sales of apartments and villas, a total of 29 million AED was announced in Burj Khalifa as being the largest business figure, followed by a commitment 19 million dirhams in the Burj Khalifa region and 15 million dirhams in the Jaddaf region.

Apartments and villas

In terms of sales of apartments and villas, the Worsan I region recorded 78 sales of 29 million of AED, followed by Burj Khalifa with 63 million dirhams, a total value of 212. Millions of AED and a third in the Business Bay with a total of 53 million of AED.

Mortgages were valued at 1.9 billion dirhams, of which 109 were 1.6 billion dirhams and 162 of villas and apartments worth 300 million dirhams, the most important of which is that of Sheikh Mohammed Bin Rashid Gardens (1,000,000 AED) and Palm Jumeirah (110 million AED).

The actions of yesterday

Real estate transactions in the Dubai Land Department amounted to AED 688 million, for a total of 215 AED land worth AED 524 million, of which AED AED was sold for AED 161 million and 185 million AED. million AED for apartments and villas valued at 363 million AED.

Mortgages were valued at 164 million dirhams, including 20 mortgages worth 129 million dirhams and 34 mortgages for villas and apartments worth 35 million dirhams.

© Declaration 2018

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