The total value of land transactions in Dubai April 4 peaked at Dhs277.00 millions , of which sales exceeded Dhs221 million. The total value of mortgages during the period was Dhs55.94 million, according to the Land Department.
A total of 15 sale transactions were registered with the Department by the end of April 4, the most valuable of which was a plot in Jabal Ali Industrial that was sold for Dhs33.8946 million. The next two most prominent sales saw a second plot in Hor Al Anz East acquired for the sum of Dhs25.5 million and another in Jabal Ali Industrial for Dhs24.4392 million.
The Jabal Ali Industrial area was the most active in terms of April 4 sales, with some 5 transactions. Al Barsha First followed it with 2 sales.
During the period, Jabal Ali Industrial recorded the highest turnover by value, at Dhs114.7 million, followed by the Al Barsha First area, Dhs37.04 million, and Hor Al Anz East area, Dhs25.5 million.
The biggest area sold was the 199380 sq ft in the Jabal Ali Industrial area, which went for Dhs33.89 million. A 143760 sq ft plot in the Jabal Ali Industrial Area was acquired for Dhs24.44 million, while 123918 sq ft of Jabal Ali Industrial was disposed of for Dhs21.07 million.
During the period under review 5 mortgages worth Dhs55.04 million were registered, the most significant of which as the Dhs35.16 million for an area at Al Karama. There was another for Dhs10.62 million on an area in Al Murqabat.
