The total value of land transactions in Dubai July 10 peaked at Dhs402.69 millions of which sales exceeded Dhs130 million. The total value of mortgages during the period was Dhs272.51 million, according to the Land Department.
A total of 4 sale transactions were registered with the Department by the end of July 10, the most valuable of which was a plot in Al Murqabat that was sold for Dhs124.848485 million. The next two most prominent sales saw a second plot in Emirates Hills First acquired for the sum of Dhs2.1 million and another in Mirdif for Dhs2.0335 million.
The Al Murqabat area was the most active in terms of July 10 sales, with 1 transaction. Emirates Hills First also had 1 deal.
During the period, Al Murqabat recorded the highest turnover by value, at Dhs124.85 million, followed by the Emirates Hills First area, Dhs2.1 million, and Mirdif area, Dhs2.03 million.
The biggest area sold was the 23422 sq ft in the Al Murqabat area, which went for Dhs124.85 million. A 10798.99 sq ft plot in the Emirates Hills First Area was acquired for Dhs2.1 million, while 8300 sq ft of Mirdif was disposed of for Dhs2.03 million.
During the period under review 5 mortgages worth Dhs272.51 million were registered, the most significant of which as the Dhs168.97 million for an area at Al Murqabat. There was another for Dhs68.28 million on an area in Oud Metha.
