According to Al Khaleej newspaper, Dubai Department of Land and Property data showed that the total disposals of Dubai real estate (sale and mortgage) achieved about 51.7 billion dirhams during the 3 months since the beginning of the year, mortgages touched the 31 billion dirham barrier by 60% compared to 20.6 billion for sale. Building actions reached 2.016 billion, distributed to 1.469 billion dirhams for buildings on the map, and 548 million dirhams to ready.
The lands came first in terms of behavior with a total of 37.2 billion dirhams, mortgages achieved 75% of the value of 28 billion dirhams in exchange for sales that exceeded the 9 billion mark. Real estate units ranked second with 11.6 billion dirhams, with the highest percentage of sales being acquired, at 82%, at a value of 9.5 billion dirhams, while mortgages settled at 2.1 billion. And in the third place is buildings with about 3 billion, the largest share of which was for sale, in excess of two billion dirhams.
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