The total value of land transactions in Dubai on April 29 peaked at Dhs150.30 millions , of which sales exceeded Dhs99 million. The total value of mortgages during the period was Dhs51.18 million, according to the Land Department.
A total of 13 sale transactions were registered with the Department by the end of April 29, the most valuable of which was a plot in Jumeira First that was sold for Dhs19.904 million. The next two most prominent sales saw a second plot in Jumeira Second acquired for the sum of Dhs13.6962 million and another in Al Suq Al Kabeer for Dhs12.25 million.
The Um Suqaim Second area was the most active in terms of the April 29's sales, with some 2 transactions. Al Barsha First followed it with 1 sale.
During the period, Jumeira First recorded the highest turnover by value, at Dhs19.9 million, followed by the Um Suqaim Second area, Dhs15.9 million, and Jumeira Second area, Dhs13.7 million.
The biggest area sold was the 49760 sq ft in the Jumeira First area, which went for Dhs19.9 million. A 30436 sq ft plot in the Jumeira Second Area was acquired for Dhs13.7 million, while 25333.6 sq ft of Mirdif was disposed of for Dhs6.84 million.
During the period under review 4 mortgages worth Dhs14.33 million were registered, the most significant of which as the Dhs15 million for an area at Port Saeed. There was another for Dhs10 million on an area in Al Saffa Second
