Yesterday, real estate transactions in Dubai recorded 4.58 Billion Dirhams, completed through 955 deals. The Land Department witnessed the registration of 707 sales worth 1.97 Billion Dirhams, including 76 sales of land, 544 sales of residential units, and 96 sales of buildings.
The first Ras Al Khor Industrial Zone topped sales in terms of value with 160 Million Dirhams through 70 deals, and Al Wasl Zone came second with a value of 100 Million Dirhams resulting from 9 deals, and third was the Wadi Al Safa 5 area with 92 Million Dirhams through 29 deals.
The mortgages recorded a value of 2.46 Billion Dirhams, completed through 204 transactions, most notably a land mortgage deal in the Tecom area (SITE A) worth 520 Million Dirhams. Another land was mortgaged in the Nad Al Sheba 3 area with a value of 354 Million Dirhams, and a third in the First Shopping Center area with a value of 250 Million Dirhams, and the market witnessed 44 donations worth 156 Million Dirhams.