Land Department discusses Dubai property for sale figures

08/08/2009 - Dubai Investment News
Land Department discusses Dubai property for sale figures

Written by Ashley Waterman.

Dubai property for sale appears to be performing well, if the following comments are anything to go by.

According to the Land Department, the total sales value of transactions for ground last week topped Dhs798.07 million from 47 registered deals.

The most valuable plot was bought for Dhs40 million in Emirates Hills Third – and other areas that sold for high prices included one in Jabal Ali for Dhs28.807 million.

During the week period, the department registered sales transactions for 413 apartments and 24 villas.

There were also 71 mortgages filed for these types of property in Dubai, which came to some Dhs70.92 million in value.

Customers who are United Arab Emirate nationals and major GCC investors are among those the Land Department concerns itself with.

They offer a number of services including mortgage registration, title replacement, land separation and ownership.

Any transactions that are paid to the body must be through cash, magaer cheque or credit card.ADNFCR-2019-ID-19303148-ADNFCR