The total value of land transactions in Dubai Monday peaked at Dhs139.2 million, of which sales exceeded Dhs74 million. The total value of mortgages during the period was Dhs65 million, according to the Land Department.
A total of 10 sale transactions were registered with the Department by the end of the day, the most valuable of which was a plot in Mardaf that was sold for Dhs21.94232 million. The next two most prominent sales saw a second plot in Mardaf acquired for the sum of Dhs12.66419 million and another in Mardaf for Dhs10.82781 million
During the period, Mardaf recorded the highest turnover by value, at Dhs63.31 million, followed by the Um Al Sheif area, Dhs5.65 million, and Al Karama area, Dhs2.28 million.
The biggest area sold was the 274279 sq ft in the Mardaf area, which went for Dhs21.94 million. A 180917 sq ft plot in the Mardaf Area was acquired for Dhs12.66 million, while 154683 sq ft of Mardaf was disposed of for Dhs10.83 million.
