The total value of land transactions in Dubai last 2 days peaked at Dhs189.25 millions , of which sales exceeded Dhs67 million. The total value of mortgages during the period was Dhs122.64 million, according to the Land Department.
A total of 9 sale transactions were registered with the Department last 2 days, the most valuable of which was a plot in Marsa Dubai that was sold for Dhs37.53555 million. The next two most prominent sales saw a second plot in Mirdif acquired for the sum of Dhs9.2 million and another in Al Baraha for Dhs8 million.
The Emirates Hills First area was the most active in terms of the week's sales, with some 2 transactions. Mirdif also had 2 sales.
During the period, Marsa Dubai recorded the highest turnover by value, at Dhs37.54 million, followed by the Mirdif area, Dhs12.6 million, and Al Baraha area, Dhs8 million.
The biggest area sold was the 320764.97 sq ft in the Marsa Dubai area, which went for Dhs37.54 million. A 15252 sq ft plot in the Mirdif Area was acquired for Dhs9.2 million, while 15000 sq ft of Al Barsha Second was disposed of for Dhs3.06 million.
During the period under review 7 mortgages worth Dhs81.34 million were registered, the most significant of which as the Dhs57.86 million for an area at Al Raffa. There was another for Dhs25.9 million on an area in Wadi Al Amardi
