The total value of land transactions in Dubai yesterday reached Dh212.66 million, of which sales exceeded Dh123.82m. The total value of mortgages during the period was Dh88.83m, 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 Emirates Hills Third that was sold for Dh4.092m. The next two most prominent sales saw a second plot in Mirdif acquired for the sum of Dh4m and another in Emirates Hills Third for Dh3.3m.
The Emirates Hills Third area was the most active in terms of the day's sales, with some three transactions. Sport City followed it with two sales.
During the period, Emirates Hills Third recorded the highest turnover by value at Dh8.72m, followed by the Mirdif area Dh4m, and Sport City area Dh3.37m.
The biggest area sold was the 29,653.18 sq ft in the Emirates Hills Third area, which went for Dh4.09m. A 15,000 square feet plot in the Nad Al Hamar area was acquired for Dh2.93m, while 10,641.41 sq ft of Emirates Hills First was disposed of for Dhs2.1m.
During the period under review 31 mortgages worth Dh34.63m were registered, the most significant of which as the Dh9m for an area at Jumairah Village First. There was another for Dh4.33m on an area in Emirates Hills Third.
Apartments and villas in freehold areas witnessed the registration of 52 sales transaction out of which 44 were for apartments for a total of Dh37.34m and eight for villas at a total sum of Dh17.03m.
Keep up with the latest business news from the region with the daily Emirates Business 24|7 newsletter. To subscribe to the newsletter, please click here.