The value of real estate disposals in the Dubai Land Department over the past week reached more than 5.1 billion dirhams.
According to the Emirates News Agency, the department witnessed the registration of 826 sales transactions amounting to 2.5 billion dirhams, including 94 sales of lands amounting to 1.4 billion dirhams, and 732 sales of apartments and villas with a value of 1.1 billion dirhams.
The most important land sales came with a value of 700 million dirhams in the first commercial center area, followed by a pledge of 236 million dirhams in Al Garhoud, followed by a pledge of 75 million dirhams in the Sheikh Mohammed bin Rashid Gardens region.
Al-Thanya 5th topped the regions in terms of number of sales, with 11 sales recorded at 35 million dirhams, followed by Sheikh Mohammed bin Rashid Gardens by registering 8 sales amounting to 119 million dirhams, and third in Palm Jumeirah with 7 sales amounting to 62 million dirhams.
With regard to the most important sales of apartments and villas, a sales amount of 21 million dirhams came in the Burj Khalifa region, as the most important sales were followed by a pledge of 17 million dirhams in the Palm Jumeirah area, and finally a pledge of 13 million dirhams in the Dubai Marina area.
Dubai Marina area topped the areas in terms of number of sales of apartments and villas, recording 90 sales with a value of 213 million dirhams, followed by the Business Bay area with 71 sales amounting to 92 million dirhams and a third in Al Barsha South Fourth with 68 sales pledging 48 million dirhams.
Mortgages recorded a value of 2.6 billion dirhams, including 136 mortgages for lands valued at 2.4 billion dirhams and 201 mortgages for villas and apartments worth 200 million dirhams, the most important of which was in Al Barsha South II with a value of 430 million One dirham and another in Al Barsha 1, with a value of 228 million dirhams.
