2023-07-17 20:49:21
During the first 3 hours of yesterday morning, the real estate market in Dubai witnessed the sale of 445 properties, worth 1.78 billion dirhams, according to data from the Land Department in the emirate.
The “District One West” project in Mohammed bin Rashid City acquired the largest percentage of sales in terms of value yesterday, recording 30 deals at a value of 571 million dirhams. Last week, the project recorded 271 sales in 3 days, with a total value of more than 4.4 billion dirhams.
The “Sea Point” project from Emaar in Dubai Habro ranked second, recording 29 sales transactions worth 195 million dirhams. Yesterday morning, a property was sold in the Emerald Lagoons Kempinski project in Palm Jumeirah, at a value of 62 million dirhams, and an apartment was also recorded in the Como Residences project in Palm Jumeirah, at a value of 61 million dirhams.
Yesterday, real estate transactions in the Land and Property Department in Dubai amounted to more than 3 billion dirhams, as the department witnessed the registration of 675 pledges of allegiance at a value of 2.49 billion dirhams, including 134 pledges of allegiance to lands, at a value of 1.11 billion dirhams, and 541 pledges of allegiance to apartments and villas, at a value of 1.37 billion dirhams. The mortgages recorded a value of 518.57 million dirhams, of which 24 land mortgages amounted to 247.07 million dirhams, and 93 mortgages for villas and apartments amounted to 271.5 million dirhams.
And the donations witnessed the registration of 8 donations, with a value of 19.9 million dirhams, the most important of which was in the Mankhool region, with a value of 5.5 million dirhams, and another in the Al Wasl region, with a value of 3.9 million dirhams.
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