Written by Neil King
Figures regarding apartments for sale in Dubai have been released.
The Land Department published data showing mortgages registered today (August 17th) were collectively valued at AED 368.39 million. The most costly submission for an area at Trade Center Second and was worth AED 220 million.
Some 56 apartments were filed – totalling AED 39.73 million – and there were 18 mortgages for these types of accommodation registered, equalling AED 13.30 million.
The value of land transactions across the city peaked at AED 891.06 million, with sales exceeding AED 495.56 million.
One of the largest pieces sold was in the Ras Al Industrial Second area, where 39,800 sq ft went for AED 11.14 million.
Another notable sale was in Al Safouh Third, which fetched AED 57.37 million.
Yesterday, the Land Department released figures showing transactions had peaked at AED 237.37 million.
Services the agency offer include property evaluations, mortgage registrations, title replacements and land compensations.