Real estate transactions at the Dubai Land Department yesterday amounted to AED 4.32 billion, through 947 transactions. The department witnessed the registration of 797 sales worth AED 3.93 billion, including 131 land sales, 542 residential unit sales, and 124 building sales.
in terms of value with AED 1.8 billion through 4 deals, followed by the Airport Area with AED 752 million resulting from 169 deals, Horizon Area with AED 89 million through one deal, and Dubai Marina Area with AED 83 million through 32 deals.
Yesterday, the Dubai real estate market witnessed the sale of 3 commercial plots of land in the Dubai Harbour area for a value of 1.8 billion dirhams. The first plot of land was sold for 741 million dirhams, while the other two plots of land were sold for 530 million dirhams each. In addition, a deal was made to sell a plot of land designated for a sports club in the Horizon area for 89 million dirhams. An off-plan residential apartment was also sold in the Al Jaddaf area within the “Keturah Resort” project for 18 million dirhams.
Mortgages recorded a value of AED 232 million through 130 transactions, including 42 land mortgages, 75 residential unit mortgages, and 13 building mortgages. The market also witnessed the registration of 20 donations worth AED 157 million.