The total value of land transactions in Dubai on April 21 peaked at Dhs263.69 millions , of which sales exceeded Dhs132 million. The total value of mortgages during the period was Dhs131.74 million, according to the Land Department.
A total of 14 sale transactions were registered with the Department by the end of April 21, the most valuable of which was a plot in Nad Al Hamar that was sold for Dhs73.30708 million. The next two most prominent sales saw a second plot in Mirdif acquired for the sum of Dhs13.67902 million and another in Al Mararr for Dhs13 million.
The Al Warqa Fourth area was the most active in terms of the April 21's sales, with some 2 transactions. Al Bada followed it with one sale.
During the period, Nad Al Hamar recorded the highest turnover by value, at Dhs73.31 million, followed by the Mirdif area, Dhs13.68 million, and Al Mararr area, Dhs13 million.
The biggest area sold was the 261811 sq ft in the Nad Al Hamar area, which went for Dhs73.31 million. A 59474 sq ft plot in the Mirdif Area was acquired for Dhs13.68 million, while 55106.97 sq ft of Nad Al Shiba was disposed of for Dhs7.99 million.
During the period under review 8 mortgages worth Dhs130.89 million were registered, the most significant of which as the Dhs81 million for an area at Al Nahda First. There was another for Dhs34.14 million on an area in Muhaisanah Fourth.
