Dubai land deals reported
The total value of land transactions in Dubai amounted to Dh284.70 million million, of which sales exceeded Dhs179 million. The total value of mortgages during the period was Dhs105.69 million, according to the Land Department.
A total of 29 sale transactions were registered with the Department , the most valuable of which was a plot in Jabal Ali Industrial that was sold for Dhs70 million. The next two most prominent sales saw a second plot in Al Ras acquired for the sum of Dh36.875487 million and another in Nad Al Shiba for Dh8.3099874 million
The Al Barsha Third area was the most active in terms of the sales, with some 3 transactions. Al Ras followed it with 2 sales.
During the period, Jabal Ali Industrial recorded the highest turnover by value, at Dh70 million, followed by the Al Ras area, Dh41.25 million, and Nad Al Shiba area, Dh16.32 million.
The biggest area sold was the 402200 sq ft in the Jabal Ali Industrial area, which went for Dh70 million. A 160000 sq ft plot in the Al Ruwayyah Area was acquired for Dh2.82 million, while 42615.32 sq ft of Nad Al Shiba was disposed of for Dh8.31 million.