Dubai real estate deals surpass AED 472m

Dubai – Mubasher: Dubai Land Department (DLD) on Tuesday said that real estate transactions in the emirate recorded as much as AED 472 million through 153 deals.

The property deals comprised 25 land plots at a combined value of AED 141 million, along with 128 apartment and villa transactions at AED 145 million, Dubai's state-run utility added.

Al Yafra 2 topped the areas with 9 transactions at investments of AED 10 million, followed by Mohammed Bin Rashid Gardens and Business Bay with 12 deals worth a combined AED 12 million and 10 transactions at AED 12 million, respectively.

Mortgages in Dubai logged AED 456 million, with land mortgages of AED 438 million and villas and apartments of AED 18 million.

Mohammed Bin Rashid Gardens and Port Said saw mortgage transactions amounted to AED 175 million and AED 120 million, consecutively.

Mubasher Contribution Time: 20-Nov-2018 12:38 (GMT)
Mubasher Last Update Time: 20-Nov-2018 12:40 (GMT)