The total value of land transactions in Dubai on April 24 peaked at Dhs62.01 millions , of which sales exceeded Dhs45 million. The total value of mortgages during the period was Dhs16.91 million, according to the Land Department.
A total of 10 sale transactions were registered with the Department by the end of the day, the most valuable of which was a plot in Nad Al Shiba that was sold for Dhs14.037604 million. The next two most prominent sales saw a second plot in Naif acquired for the sum of Dhs9.05 million and another in Um Suqaim First for Dhs5.1 million.
The Mirdif area was the most active in terms of the week's sales, with some 2 transactions. Al Qusais Third followed it with one sale.
During the period, Nad Al Shiba recorded the highest turnover by value, at Dhs14.04 million, followed by the Naif area, Dhs9.05 million, and Mirdif area, Dhs8.3 million.
The biggest area sold was the 50130.51 sq ft in the Nad Al Shiba area, which went for Dhs14.04 million. A 29866 sq ft plot in the Mirdif Area was acquired for Dhs5 million, while 15000 sq ft of Muhaisanah Third was disposed of for Dhs1.58 million.
During the period under review 5 mortgages worth Dhs16.91 million were registered, the most significant of which as the Dhs7.67 million for an area at Al Barsha Third. There was another for Dhs3.84 million on an area in Al Barsha Third.
