The total value of land transactions in Dubai June 27 peaked at Dhs53.27 millions of which sales exceeded Dhs7 million. The total value of mortgages during the period was Dhs46.48 million, according to the Land Department.
A total of 5 sale transactions were registered with the Department by the end of June 27, the most valuable of which was a plot in Al Satwa that was sold for Dhs2.5 million. The next two most prominent sales saw a second plot in Abu Hail acquired for the sum of Dhs2 million and another in Hor Al Anz for Dhs1.2 million.
The Al Rashidiya area was the most active in terms of June 27's sales, with 2 transactions. Abu Hail followed it with 1 deal.
During the period, Al Satwa recorded the highest turnover by value, at Dhs2.5 million, followed by the Abu Hail area, Dhs2 million, and Hor Al Anz area, Dhs1.2 million.
The biggest area sold was the 3600 sq ft in the Al Rashidiya area, which went for Dhs.9 million. A 2900 sq ft plot in the Al Satwa Area was acquired for Dhs2.5 million, while 2500 sq ft of Abu Hail was disposed of for Dhs2 million.
During the period under review, 4 mortgages worth Dhs40.4 million were registered, the most significant of which as the Dhs20.25 million for an area at Al Mararr. There was another for Dhs16.5 million on an area in Al Qusais Second.
