Real estate transactions in the Dubai Land Department yesterday amounted to AED 3.08 billion, through 1,043 transactions. The department witnessed the registration of 852 sales worth AED 2.19 billion, including 56 land sales, 677 residential unit sales and 119 building sales.
The Bu Kadra area topped sales in terms of value with AED 154 million through 79 transactions, followed by the Dubai Investment Park 2 area with AED 148 million resulting from 54 transactions, and third was the Wadi Al Safa 5 area with AED 101 million through 26 transactions, and fourth was the World Islands area through two transactions worth AED 100 million.
The real estate market recorded the sale of two residential villas under construction in the World Islands area within the “Amali” project for a value of 100 million dirhams, in addition to the sale of land in the Satwa area for a value of 74 million dirhams, and the sale of land in the Airport City area for a value of 22 million dirhams. Mortgages recorded a value of 846 million dirhams, which was completed through 174 transactions.