2023-07-11 21:11:34
Sales of the first phase of the “District One West” project in Mohammed bin Rashid City, which were recorded yesterday, exceeded the one billion dirham mark, as the Land Department recorded yesterday 103 sales deals for plots of land for villas in the project, with a value of 1.35 billion dirhams. Thus, the value of project sales recorded since the beginning of this month exceeds 2.4 billion dirhams, the value of 192 deals.
Al-Bayan had published the details of this project, which is the latest addition to the scene of luxury homes and villas in Dubai, as the construction value of the project is 3.3 billion, and it includes 467 homes, and it is expected to be completed during the first half of 2027.
The project features a huge crystal lake with sandy beaches and swimming areas, and in the middle of the lake is an island with ultra-luxury villas called “Island Mansions” linked by a bridge with the rest of the project, in addition to two smaller sandy islands for recreational activities. Yesterday, real estate transactions in the Dubai Land Department amounted to more than 3.2 billion dirhams, as the department witnessed the registration of 650 pledges of allegiance at a value of 2.55 billion dirhams, including 134 pledges of allegiance to lands, at a value of 1.53 billion dirhams, and 516 pledges of allegiance to apartments and villas, at a value of 1.02 billion dirhams.
The most important land sales came with a value of 40 million dirhams in the Al Jaddaf area, followed by a pledge of 30 million dirhams in the second Al Quoz region, followed by a pledge of 30 million dirhams in the second Al Quoz region.
The second region of Al Quoz topped the regions in terms of the number of sales, as it recorded 103 sales at a value of 1 billion dirhams, followed by the fifth district of Al Habiya, with 9 sales at a value of 21 million dirhams, and a third in Jebel Ali, the first, with 4 sales at a value of 14 million dirhams. As for the most important sales of apartments and villas, it was a sale of 74 million dirhams in the Dubai Maritime City area as the most important sale, followed by a sale of 22 million dirhams in the Nad Hessa area, and finally a sale of 17 million dirhams in the Palm Jumeirah area.
The mortgages recorded a value of 578.62 million dirhams, including 17 land mortgages with a value of 458.78 million dirhams and 66 mortgages for villas and apartments with a value of 119.84 million dirhams. As for donations, 40 donations were recorded, with a value of 64.04 million dirhams, the most important of which was in the second industrial area of Jebel Ali, with a value of 17.26 million dirhams, and another in the Al Barsha area, south of the fourth, with a value of 13.56 million dirhams.
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