The total value of land transactions in Dubai July 4 peaked at Dhs67.07 millions of which sales exceeded Dhs59 million. The total value of mortgages during the period was Dhs8.37 million, according to the Land Department.
A total of 7 sale transactions were registered with the Department by the end of July 4, the most valuable of which was a plot in Um Hurair Second that was sold for Dhs18.636153 million. The next two most prominent sales saw a second plot in Um Hurair Second acquired for the sum of Dhs17.836866 million and another in Al Suq Al Kabeer for Dhs7.65 million.
The Um Hurair Second area was the most active in terms of the yesterday's sales, with 2 transactions. Al Baraha followed it with one deal.
During the period, Um Hurair Second recorded the highest turnover by value, at Dhs36.47 million, followed by the Al Suq Al Kabeer area, Dhs7.65 million, and Al Warqa First area, Dhs6.5 million.
The biggest area sold was the 37422.14 sq ft in the Um Hurair Second area, which went for Dhs18.64 million. A 35817 sq ft plot in the Um Hurair Second Area was acquired for Dhs17.84 million, while 15000 sq ft of Al Warqa First was disposed of for Dhs6.5 million.
During the period under review 2 mortgages worth Dhs8.37 million were registered, the most significant of which as the Dhs5.82 million for an area at Nad Al Shiba Fourth. There was another for Dhs2.55 million on an area in Emirates Hills First.
