The value of real estate sales in the Dubai Land Department topped 10.3 billion dirhams last week.
The department recorded 2583 offers of loyalty totalling 6. 5 billion dirhams, comprising 344 pledges of loyalty to land totaling 2. 55 billion dirhams and 2,239 pledges of loyalty to flats and villas totaling 3. 94 billion dirhams.
The most important land transactions in the Al Wasl region were worth AED 400 million, followed by an AED 205 million promise in the Gardens of Sheikh Mohammed bin Rashid area, and lastly an AED 130 million pledge in the Palm Jumeirah area.
In terms of commitments, Al Habiyah Fifth District led the way with 173 promises totalling 475 million dirhams, followed by Jebel Ali First District with 70 pledges totaling 284 million dirhams, and Al Yafra 2 with 28 pledges totaling 35 million dirhams.
The most substantial commitment in terms of apartment and villa sales was 163 million dirhams in the Palm Jumeirah region, followed by 85 million dirhams in the Palm Jumeirah area, and finally 55 million dirhams in the Palm Jumeirah area.
In terms of apartment and villa sales, the Business Bay region led the way with 411 loyalty promises worth 600 million dirhams, followed by Al-Markadh with 309 pledges worth 302 million dirhams, and Al-Barsha South Fourth with 190 pledges worth 134 million dirhams.
Mortgages totaled 3.74 billion dirhams, with 78 land mortgages for $895.47 million and 408 villa and apartment mortgages worth 2.84 billion dirhams.
Throughout the week, 80 presents totaled 110.
04 million dirhams were recorded, with the most significant being in the Burj Khalifa area, valued at 28 million dirhams, and another in the Al-Markadh neighbourhood, valued at 12 million dirhams.
Dubai real estate transactions totaled 10.3 billion dirhams in a single week.
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