The total value of land transactions in Dubai yesterday peaked at Dhs113.55 millions , of which sales exceeded Dhs24 million. The total value of mortgages during the period was Dhs89.62 million, according to the Land Department.
A total of 6 sale transactions were registered with the Department by the end of yesterday, the most valuable of which was a plot in Al Barsha First that was sold for Dhs11.876 million. The next two most prominent sales saw a second plot in Um Suqaim Second acquired for the sum of Dhs3.7 million and another in Al Jafliya for Dhs3.0832 million
The Al Barsha First area was the most active in terms of the day's sales, with some 1 transactions. Al Barsha Third followed it with 1 sale.
During the period, Al Barsha First recorded the highest turnover by value, at Dhs11.88 million, followed by the Um Suqaim Second area, Dhs3.7 million, and Al Jafliya area, Dhs3.08 million.
The biggest area sold was the 15000 sq ft in the Al Barsha Third area, which went for Dhs2.48 million. A 11876 sq ft plot in the Al Barsha First Area was acquired for Dhs11.88 million, while 7520 sq ft of Al Jafliya was disposed of for Dhs3.08 million.
During the period under review 4 mortgages worth Dhs87.99 million were registered, the most significant of which as the Dhs75 million for an area at Al Murqabat. There was another for Dhs8.99 million on an area in Al Barsha First.
