The total value of land transactions in Dubai last week from 5th till 7th of december peaked at Dhs715.28 millions, of which sales exceeded Dhs374 million. The total value of mortgages during the period was Dhs340.86 million, according to the Land Department.
A total of 25 sale transactions were registered with the Department by the end of the week, the most valuable of which was a plot in Al Rega that was sold for Dhs120 million. The next two most prominent sales saw a second plot in Um Suqaim Second acquired for the sum of Dhs60.648 million and another in Hor Al Anz East for Dhs48 million.
The Jumeira Third area was the most active in terms of the week's sales, with some 3 transactions. Um Suqaim Second followed it with 3 sales.
During the period, Al Rega recorded the highest turnover by value, at Dhs120 million, followed by the Um Suqaim Second area, Dhs70.01 million, and Hor Al Anz East area, Dhs48 million.
