The total value of land transactions in Dubai June 28 amounted at Dhs168.36 million, of which sales exceeded Dhs82 million. The total value of mortgages during the period was Dhs86.18 million, according to the Land Department.
A total of 8 sale transactions were registered with the Department by the end tuesday, the most valuable of which was a plot in Emirates Hills Second that was sold for Dhs24.174801 million. The next two most prominent sales saw a second plot in Emirates Hills Second acquired for the sum of Dhs17.603058 million and another in Al Nahda First for Dhs16.02752 million
The Emirates Hills Second area was the most active in terms of sales, with some 2 transactions. Al Bada followed it with 1 sales.
During the period, Emirates Hills Second recorded the highest turnover by value, at Dhs41.78 million, followed by the Al Nahda First area, Dhs16.03 million, and Al Bada area, Dhs15 million.
The biggest area sold was the 58470 sq ft in the Al Bada area, which went for Dhs15 million. A 38372.7 sq ft plot in the Emirates Hills Second Area was acquired for Dhs24.17 million, while 29338.43 sq ft of Emirates Hills Second was disposed of for Dhs17.6 million.
