Dubai’s Land transactions reach AED 860.51mn
Dubai’s total Land transactions reached AED 860.51 million on the 25th of February. The Dubai Land Department reported this and added that out of these transactions more than AED806.65 million was contributed by sales. The most valuable plot sold by the Lands Department on the day was worth approximately AED 200 million.
Dubai's Lands Department stated that during this period these transactions also included mortgages worth AED53.85 million. This also included 56 mortgages worth AED21.05 million, which were registered on villas and apartments.
Villas and apartments in freehold areas also saw 86 sales transactions taking place. Out of these 86, transactions worth AED 62.13 million were for apartments, whilst a transaction worth AED1.95 was for a villa.
Dubai Investment Property