On Tuesday, land sales in the Dubai real estate market touched the barrier of one Billion Dirhams, according to Dubai Rest data. Total sales of the real estate sector in the emirate at the end of transactions amounted to 1.91 Billion Dirhams, resulting from 519 transactions, and mortgages amounted to 4.89 Billion Dirhams through 81 procedures, while donations reached 44 Million Dirhams, resulting from 11 transactions. Thus, transactions have jumped to 608 Billion Dirhams through 611 procedures.
The land accounted for the highest sales deals in terms of value, as the first Al Barsha area recorded the sale of a plot of land for 396 Million Dirhams, then Port Said for about 231 Million Dirhams, and Al Muraqqabat came third with 152 Billion Dirhams.
In terms of mortgages, the Saih Al Dakhl area achieved a transaction worth 4.25 Billion Dirhams, followed by Business Bay with 207.6 Million Dirhams through two mortgage transactions, then Al Barsha 1 with 155 Million Dirhams resulting from one action.
Regarding donations, Damac Hills topped with 20.5 Million Dirhams, then Liwan 2 with 10.5 Million Dirhams, followed in third place by Burj Khalifa with about 3.8 Million Dirhams.
The number of residential units sold reached 465 properties, apartments accounted for the largest share with 424 units, while villas (buildings) recorded 41 units. While the number of land deals reached 154.