Land transactions top Dhs3 billion

The total value of land transactions in Dubai last week peaked at Dhs3.02 billion, of which sales exceeded Dhs2,02 million. The total value of mortgages during the period was Dhs992,66 million, according to the Land Department.

A total of 130 sale transactions were registered with the Department by the end of the week, the most valuable of which was a plot in Al Nahda Second that was sold for Dhs170 million. The next two most prominent sales saw a second plot in Marsa Dubai acquired for the sum of Dhs83.59752 million and another in Al Karama for Dhs75 million.

The Palm Jumeirah area was the most active in terms of the week's sales, with some 23 transactions. Jabal Ali Industrial followed it with 11 sales.

During the period, Jabal Ali Industrial recorded the highest turnover by value, at Dhs267.51 million, followed by the Mankhool area, Dhs229.16 million.