Wednesday, February 28, 2024

2.3 billion dirhams in Dubai real estate transactions


Dubai Land Department’s real estate transactions were over AED 2.3 billion and today the department recorded 652 sales worth AED 1.91 billion, including 71 sales of land worth AED 394.01 million and 581 sales of apartments and villas valued at AED 1.52 billion. Dirhams. The most prominent land sales were in Bam Jebel Ali area worth 41.61 million dirhams, followed by Al Mirqat area with 40.5 million dirhams, followed by 37.83 million dirhams in First Jebel Ali area.

Wadi Al Safa 2 zone topped the number of sales, recording 34 sales worth 22.57 million dirhams, followed by the first Jebel Ali area, recording 6 sales worth 56.6 million dirhams, and Bam Jebel Ali recording the third sale. 4 Sales were 110.13 million dirhams.

As for the most prominent sales of apartments and villas, Al Tanya 4 area sold 66 million dirhams, followed by Palm Jumeirah area 46.5 million dirhams, and finally 31.26 worth of sales. Million Dirhams in Dubai Marina area. Dubai Marina area topped the list for apartment and villa sales, recording 72 sales worth AED 410.35 million, followed by Business Bay area with 48 sales valued at AED 109.03 million, and Al Mirqat in third place with 40 sales. The value is 56.29 million dirhams.

Mortgages recorded a value of 357.65 million dirhams, including 18 land mortgages worth 81.34 million dirhams and 123 mortgages for villas and apartments worth 276.31 million dirhams, mainly in the Airport City area. 39.49 million dirhams and another in Al Mirqat area for 32.73 million dirhams. In terms of donations, 82 donations worth 110.91 million dirhams were recorded, the most important of which was in Al Qusais 5 industrial area worth 29.64 million dirhams and another in Wadi Al Safa 3 area, 23.6 million dirhams.

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Bill Dittman
Bill Dittman
"Freelance alcohol fan. Coffee maven. Musicaholic. Food junkie. Extreme web expert. Communicator."

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