Dubai Land Department Reports Over 12.7 Billion Dirhams in Real Estate Transactions

2023-09-15 22:05:43

During the past week, real estate transactions at the Dubai Land Department amounted to more than 12.7 billion dirhams.

The weekly transaction report, issued yesterday, stated that the department recorded 2,329 sales worth 8.19 billion dirhams, including 549 sales of land worth 4.25 billion dirhams, and 1,780 sales of apartments and villas worth 3.94 billion dirhams.

Mortgages amounted to 3.88 billion dirhams, including 88 mortgages for land worth 1.89 billion dirhams, and 681 mortgages for villas and apartments worth 1.99 billion dirhams, the most important of which was in the Budra area worth 1.35 billion dirhams, and another in the Palm Jumeirah area worth 347.98 million dirhams.

As for donations, it witnessed the registration of 165 donations worth 669.7 million dirhams, the most important of which was in the Al Thanyah 4th area with a value of 132.28 million dirhams and another in the Al Barsha South 2nd area with a value of 113.45 million dirhams. The most important land sales were worth 622.91 million dirhams in the Dubai Marina area, followed by a sale worth 180 million dirhams in the Business Bay area, then a sale worth 150 million dirhams in the Dubai Marina area.

“Al-Habiyah 5” topped the regions in terms of the number of sales, recording 123 sales worth 527.18 million dirhams, followed by the Airport City area, recording 113 sales worth 542.17 million dirhams, and third in “Hind City 4,” recording 111 sales worth 161.9 million dirhams.

As for the most important sales of apartments and villas, the most important sale was a sale worth 88 million dirhams in the Al Barsha 1 area, followed by a sale worth 75 million dirhams in the Palm Jumeirah area, and finally a sale worth 64.5 million dirhams in the Al Thanyah 4 area.

Al Barsha South Fourth topped the regions in terms of the number of apartment and villa sales, recording 159 sales worth 142.89 million dirhams, followed by the Burj Khalifa area, recording 151 sales worth 444.5 million dirhams, and third in the Business Bay area, recording 146 sales worth 267.66 million dirhams.

• 1,780 sales of apartments and villas worth 3.94 billion dirhams were recorded.

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