The total value of land transactions in Dubai for May 16 and 17 amounted to Dhs332.62 million, of which sales exceeded Dhs65 million. The total value of mortgages during the period was Dhs248.4 million, according to the Land Department.
A total of 16 sale transactions were registered with the Department, the most valuable of which was a plot in Al Safouh Second that was sold for Dhs25 million. The next two most prominent sales saw a second plot in Nad Al Shiba acquired for the sum of Dhs6.16 million and another in Al Warsan for Dhs4.8389 million.
The Mardaf area was the most active in terms of sales, with some 3 transactions.