Dubai property for sale appears to be undergoing something of a resurgence; 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 –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 Dubai property, 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.
And it is not just plots of land that are increasing sales, with encouraging figures regarding apartments for sale in Dubai having just 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 of Dubai property 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.
