Real estate transactions at the Dubai Land Department yesterday amounted to 3.22 billion dirhams, completed through 1,002 transactions. The department witnessed the registration of 841 sales worth 2.39 billion dirhams, including 157 sales of land, 661 sales of residential units, and 23 sales of buildings.
The Wadi Al Safa 7 area topped the list in terms of value with 558 million dirhams through 72 deals, and second came the Al Habiyah Fourth area with a value of 125 million dirhams resulting from 4 deals, and third was the Palm Jumeirah area with 96 million dirhams through 10 deals, and fourth was the Jumeirah Village Circle area through 70 deals. With a value of 82 million dirhams.
The real estate market in Dubai witnessed the sale of a commercial plot of land in the “Emirates Living” area for a value of 58 million dirhams, in addition to the sale of an off-plan apartment in the Dubai Water Canal area within the “One Canal” project for a value of 33 million dirhams, and another off-plan apartment was sold in Burj Khalifa area within the “Baccarat Hotel & Residences Dubai” project worth 32 million dirhams.
Mortgages recorded a value of 756 million dirhams, carried out through 114 transactions, including 32 mortgages for land, 69 mortgages for residential units, and 16 mortgages for buildings. The market also witnessed the recording of 47 donations worth 81 million dirhams.