Dubai: Land deals on July 11
The total value of land transactions in Dubai July 11 peaked at Dhs101.07 millions of which sales exceeded Dhs76 million. The total value of mortgages during the period was Dhs25.18 million, according to the Land Department.
A total of 6 sale transactions were registered with the Department by the end of July 11, the most valuable of which was a plot in Al Safouh Second that was sold for Dhs32.999997 million. The next two most prominent sales saw a second plot in Al Safouh Second acquired for the sum of Dhs32 million and another in Al Barsha Second for Dhs3.1606 million.
The Al Safouh Second area was the most active in terms of yesterday sales, with 2 transactions. Al Barsha Second followed it with 1 deal.
During the period, Al Safouh Second recorded the highest turnover by value, at Dhs65 million, followed by the Al Barsha Second area, Dhs3.16 million, and Al Mararr area, Dhs3.03 million.
The biggest area sold was the 78802.58 sq ft in the Al Safouh Second area, which went for Dhs33 million. A 78293.23 sq ft plot in the Al Safouh Second Area was acquired for Dhs32 million, while 15803 sq ft of Al Barsha Second was disposed of for Dhs3.16 million.
During the period under review 3 mortgages worth Dhs22.18 million were registered, the most significant of which as the Dhs20 million for an area at Nad Al Shiba. There was another for Dhs3 million on an area in Wadi Al Ama