Yesterday, real estate transactions at the Dubai Land Department recorded more than 3.31 billion dirhams, completed through 879 transactions.
The department witnessed the recording of 661 sales worth 2.05 billion dirhams, including 80 sales of lands, 539 sales of residential units, and 42 sales of buildings.
The Mohammed bin Rashid City District One area topped the sales in terms of value with 139 million dirhams through 4 deals, and the Jumeirah Bay area came second with a value of 131 million dirhams resulting from one deal, and third was the Ras Al Khor Industrial Area 1 with 124 million dirhams through 48 deals, and fourth Palm Jumeirah area through 8 deals worth 121 million dirhams.
The market witnessed a sale deal for a residential plot of land in Mohammed bin Rashid City District One for a value of 173 million dirhams, with an area of about 3,235 square meters. A second plot of land in the Jumeirah Bay area was also sold for a value of 131 million dirhams, with an area of about 2,165 square meters. A residential apartment was also sold in the Palm Jumeirah area within the Orla Bay Omniyat project, worth 49 million dirhams, with an area of about 680 square meters.
The mortgages recorded a value of 1.15 billion dirhams, carried out through 160 transactions, including 57 mortgages for land, 84 mortgages for residential units, and 29 mortgages for buildings, the most prominent of which was a mortgage for a plot of land in the Muraba Veil area worth 495 million dirhams. The market also witnessed the recording of 58 donations worth 115 million dirhams.