Real estate transactions in Dubai, on Wednesday, achieved 3 Billion Dirhams, resulting from 1,026 procedures, including sales, mortgages and donations, according to data from the Land Department in the emirate.
In detail, Dubai Land Department data showed that the sector’s sales in the emirate achieved 2.05 Billion Dirhams, through 814 deals, with “Ras Al Khor Industrial Area 1 ” topping the list of areas in terms of value, with 148 Million Dirhams through 77 deals, then “Al Jaddaf.” Second, with about 129 Million Dirhams resulting from 9 deals, followed by “Al Wasl” with 126 Million Dirhams through 42 deals.
The number of residential units sold reached 745 properties, apartments accounted for the largest share with 681 units, while villas (buildings) recorded 64 unit sales, and the number of lands reached 69 transactions.
With regard to mortgages, it recorded about 764 Million Dirhams, resulting from 161 procedures, the highest of which came in the “Discovered Gardens” area, with a value of 315 Million Dirhams, resulting from 5 procedures, then “Hor Al Anz East” again, with 73 Million Dirhams, through one procedure, followed by The third, “Umm Suqeim 1 ” cost about 56 Million Dirhams through two transactions.
As for the donations, they approached 195 Million Dirhams, resulting from 51 measures, the highest of which was in “Jumeirah Bay” with 116.6 Million Dirhams, then “Mohammed Bin Rashid City – District One” was second with 9.8 Million Dirhams, and “Al Bidda” was third with about 8.4 Million Dirham.