Yesterday, real estate transactions at the Dubai Land Department amounted to more than 2.66 billion dirhams, completed through 786 transactions. The department witnessed the registration of 618 sales worth 1.93 billion dirhams, including 79 sales of land, 484 sales of housing units, and 55 sales of buildings.
The Nad Al Sheba area topped the first sales in terms of value with 310 million dirhams through 31 deals, and the Business Bay area came second with a value of 102 million dirhams resulting from 57 deals, and third was the Palm Deira area with 89 million dirhams through 10 deals, and fourth was the Palm Jumeirah area through 12 deals with a value of 88 million dirhams.
Yesterday, the real estate market in Dubai witnessed the sale of an off-plan villa in the Wadi Al Safa 3 area within the “THE BEACHFRONT VILLAS BY ELLINGTON” project for 35 million dirhams, and an off-plan residential apartment in the Dubai Water Canal area within the “CASA CANAL” project was sold for 27 million dirhams, with the sale of a ready-made villa in the “Mohammed bin Rashid City District One” area, at a value of 27.5 million dirhams. Mortgages amounted to 494 million dirhams through 132 transactions, including 37 mortgages for land, 79 mortgages for residential units, and 16 mortgages for buildings, and 36 donations worth 241 million were recorded.