Emirates News Agency – 6.6 billion dirhams real estate transactions in Dubai in one week

DUBAI, April 29 / WAM / The Dubai Land Department’s real estate transactions this week amounted to more than 6.6 billion dirhams, as the department witnessed the registration of 1,825 pledges of fidelity worth 4.67 billion dirhams, including 197 fidelity to land, valued at 1.15 billion dirhams, and 1,628 loyalties to apartments and villas, valued at 3.52 billion dirhams.

The main land sale of AED 72 million was in the Business Bay area followed by a pledge of 71 million AED in the fourth Al Thanyah area followed by a pledge of 53 million AED in the first Jebel Ali industrial area.

The Al Habiyah Fifth District topped the region in terms of the number of promises with 76 promises worth 173 million dirhams, followed by the Jebel Ali First area with 24 promises of 121 million dirhams and Al Yafra 2 with 15 promises of 21 million dirhams.

In terms of the main sales of apartments and villas, a pledge of 129 million dirhams in the Dubai Marina area came as the main pledge, followed by a pledge of 78 million dirhams in the Oud Metha area and finally a pledge of 36 million dirhams in Palm Jumeirah area.

The Business Bay region topped the regions in terms of the number of pledges of allegiance to apartments and villas, as it registered 201 pledges of allegiance to 243 million dirhams, followed by Dubai Marina with 188 pledges of 576 million dirhams, and thirdly in the Burj Khalifa , with 116 promises of 307 million dirhams.

Mortgages amounted to 1.73 billion dirhams, including 65 mortgages in land worth 790.4 million dirhams and 294 mortgages for villas and apartments worth 944.1 million dirhams.

Regarding the donations, 75 donations worth AED 267.47 million were registered, the most important of which were in Al Quoz Industrial Area 3 with a value of AED 75 million and another in the Palm Jumeirah area worth 47 million dirham.

Umm / Halima Al Shamsi / Reda Abdel Nour

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