The total value of land transactions in Dubai on July 15 peaked at Dhs38.56 millions of which sales exceeded Dhs33 million. The total value of mortgages during the period was Dhs5.09 million, according to the Land Department.
A total of 9 sale transactions were registered with the Department by the end of July 15, the most valuable of which was a plot in Al Manara that was sold for Dhs9.4 million. The next two most prominent sales saw a second plot in Al Mararr acquired for the sum of Dhs8.3 million and another in Al Barsha First for Dhs3.642865 million.
The Abu Hail area was the most active in terms of July 15 sales, with 1 transaction. Al Barsha First also had 1 sale.
During the period, Al Manara recorded the highest turnover by value, at Dhs9.4 million, followed by the Al Mararr area, Dhs8.3 million, and Al Barsha First area, Dhs3.64 million.
The biggest area sold was the 18300 sq ft in the Muhaisanah First area, which went for Dhs1.96 million. A 15000 sq ft plot in the Al Manara Area was acquired for Dhs9.4 million, while 12566 sq ft of Al Barsha First was disposed of for Dhs3.64 million.
During the period under review 2 mortgages worth Dhs5.09 million were registered, the most significant of which as the Dhs3 million for an area at Al Mararr.
