The total value of land transactions in Dubai Wednesday peaked at Dhs489.39 millions , of which sales exceeded Dhs261 million. The total value of mortgages during the period was Dhs228.79 million, according to the Land Department.
A total of 12 sale transactions were registered with the Department by the end of the day, the most valuable of which was a plot in Al Safouh First that was sold for Dhs126 million. The next two most prominent sales saw a second plot in Al Barsha First acquired for the sum of Dhs36 million and another in Wadi Al Amardi for Dhs31.56 million.
The Emirates Hills First area was the most active in terms of the day sales, with 3 transactions. Al Barsha First followed it with one deal.
During the period, Al Safouh First recorded the highest turnover by value, at Dhs126 million, followed by the Al Barsha First area, Dhs36 million, and Wadi Al Amardi area, Dhs31.56 million.
The biggest area sold was the 1005592.31 sq ft in the Al Safouh First area, which went for Dhs126 million. A 320764.97 sq ft plot in the Marsa Dubai Area was acquired for Dhs27 million, while 263000 sq ft of Wadi Al Amardi was disposed of for Dhs31.56 million.
During the period under review 13 mortgages worth Dhs216.79 million were registered, the most significant of which as the Dhs95.14 million for an area at Mankhool.
