The total value of land transactions in Dubai two days peaked at Dhs423.92 millions of which sales exceeded Dhs86 million. The total value of mortgages during the period was Dhs337.69 million, according to the Land Department.
A total of 11 sale transactions were registered with the Department by the end of July 23, the most valuable of which was a plot in Mirdif that was sold for Dhs million. The next two most prominent sales saw a second plot in Mirdif acquired for the sum of Dhs million and another in Mirdif for Dhs million.
The Mirdif area was the most active in terms of the two day's sales, with some 5 transactions. Al Barsha Second followed it with 1 deal.
During the period, Marsa Dubai recorded the highest turnover by value, at Dhs31.32 million, followed by the Emirates Hills Second area, Dhs21.28 million, and Nad Al Shiba area, Dhs13.31 million.
The biggest area sold was the 59105.6 sq ft in the Emirates Hills Second area, which went for Dhs21.28 million. A 53222.06 sq ft plot in the Nad Al Shiba Area was acquired for Dhs13.31 million, while 47454 sq ft of Marsa Dubai was disposed of for Dhs31.32 million.
During the period under review 104 mortgages worth Dhs271.28 million were registered, the most significant of which as the Dhs150 million for an area at Emirates Hills Second. There was another for Dhs51 million on an area in Al Murqabat.
