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Dubai Land Department’s real estate transactions totaled more than 13 billion dirhams ($3.54 billion) last week.
The department recorded 2,954 sales worth 9.47 billion dirhams, including 184 land sales worth 2.01 billion dirhams and 2,770 sales of apartments and villas worth 7.46 billion dirhams.
The main land sales amounted to 170 million dirhams in the Al Wasl area, followed by a sale worth 120.5 million dirhams in the Dubai Maritime City area, followed by a sale worth 79.72 million dirhams in the Bu Kadra area.
The Hind City 4 region topped the regions in terms of number of sales with 44 sales worth 91.26 million dirhams, followed by Al Habiyah 5 with 26 sales worth 96.01 million dirhams and Sheikh Mohammed bin Rashid Gardens with 18 sales worth 278.81 million dirhams million dirhams.
Apartments and villas
In the main sales of apartments and villas, a sale worth 128.45 million dirhams in the Palm Jumeirah region was the most important sale, followed by a sale worth 79 million dirhams in the World Islands area and finally a sale worth 78.95 million dirhams in the Palm Jumeirah area.
The Business Bay region topped the regions in terms of the number of apartment and villa sales with 356 sales worth 825.07 million dirhams, followed by Al Barsha South Fourth with 279 sales worth 280.37 million dirhams and the third in Dubai Maritime City with 208 sales generating sales worth 462.07 million dirhams.
Mortgages
The mortgages were worth 2.86 billion dirhams, including 84 land mortgages worth 1.77 billion dirhams and 558 mortgages on villas and apartments worth 1.09 billion dirhams, the most important of which was in the Nad Hissa area Worth 819.88 million dirhams and another in Palm Jumeirah area worth 317.12 million dirhams.
As for donations, 101 donations worth 770.02 million dirhams were registered, the most important of which was in the Mankhool area with a value of 382 million dirhams and another in Al Thanyah Fourth area with a value of 104.44 million dirhams took place.
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