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Real estate transactions in the Dubai Land Department this week amounted to more than 12.7 billion dirhams.
The department witnessed the registration of 2,330 sales of allegiance worth 6.89 billion dirhams, including 306 sales of land, worth 1.72 billion dirhams, and 2024 sales of apartments and villas, worth 5.18 billion dirhams.
The most important land sales worth AED 158 million in the Palm Jumeirah area, followed by a pledge of AED 123 million in the Palm Jumeirah area, followed by a pledge of AED 104 million in the First Me’aisem area.
Al Habiyah Fifth District topped the regions in terms of the number of allegiances, with 103 pledges worth 276 million dirhams, followed by Jebel Ali First with 92 pledges worth 273 million dirhams, and the third in Al Yafra 2 with 28 pledges of 37 million dirhams.
With regard to the most important sales of apartments and villas, a pledge of 95 million dirhams in the Karama area came, followed by a pledge of 78 million dirhams in the fourth Al Thanya area, and finally a pledge of 58 million dirhams in the Palm Jumeirah area.
The Business Bay region topped the regions in terms of the number of sales of apartments and villas, with 238 transactions worth 400 million dirhams, followed by the Palm Jumeirah area with 207 sales worth one billion dirhams, and the third in Dubai Marina with 182 transactions worth 648 million dirhams.
Mortgages amounted to 5.48 billion dirhams, including 146 mortgages of land worth 4.59 billion dirhams and 279 mortgages of villas and apartments worth 893.72 million dirhams.
While 69 donations were recorded, worth 333.27 million dirhams, the most important of which was in the Al Bateen area, with a value of 117 million dirhams, and another in the Sabkha area, with a value of 35 million dirhams.