The total value of land transactions in Dubai last week peaked at Dhs910.90 millions of which sales exceeded Dhs530 million. The total value of mortgages during the period was Dhs380.75 million, according to the Land Department. A total of 75 sale transactions were registered with the Department by the end of the week, the most valuable of which was a plot in Rega Al Buteen that was sold for Dhs95 million.
The next two most prominent sales saw a second plot in Marsa Dubai acquired for the sum of Dhs89.46828 million and another in Marsa Dubai for Dhs54.85965 million The Emirates Hills Third area was the most active in terms of the week's sales, with some 29 transactions. Emirates Hills First followed it with 11 sales. During the period, Marsa Dubai recorded the highest turnover by value, at Dhs172.99 million, followed by the Rega Al Buteen area, Dhs95 million, and Emirates Hills Third area, Dhs55.96 million. The biggest area sold was the 104720 sq ft in the Wadi Al Amardi area, which went for Dhs5.65 million. A 101721 sq ft plot in the Marsa Dubai Area was acquired for Dhs28.66 million, while 90080 sq ft of Wadi Al Amardi was disposed of for Dhs4.86 million.
During the period under review 25 mortgages worth Dhs348.13 million were registered, the most significant of which as the Dhs95 million for an area at Rega Al Buteen. There was another for Dhs79.39 million on an area in Al Barsha First.
