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Dubai land transactions hit Dh1.48b for the week.


Byline: Staff Report

Land transactions in Dubai top Dh1.48 billion

Dubai The total value of land transactions in Dubai this week reached Dh1.48 billion. Of this amount, sales stood at Dh996.78 million, the Land Department has revealed.

The total value of mortgages during the same period stood at Dh486.63 million. A total of 66 sale transactions were registered with the department by the end of the week, the most valuable of which was a plot in Dubai Industrial City-1 that sold for Dh17.26 million.

The Arabian Ranches area was the most active in terms of the week's sales, with 14 transactions. Dubai Industrial City was in second place with seven transactions.

During the period under review, 84 mortgages worth Dh169.58 million were registered. The most significant of these was one in Al Warsan-1 for Dh21.24 million. It was followed by one in Jebel Ali for Dh21 million.

There were 485 sales transactions for villas and apartments in freehold Freehold, borough, United States
Freehold, borough (1990 pop. 10,742), seat of Monmouth co., E central N.J.; settled c.1650, called Monmouth Courthouse (1715–1801), inc. as a town 1869, as a borough 1919.
 areas. Of these, 441, worth Dh404.18 million, were for apartments and 44, worth Dh69.99 million, were for villas.

Al Nisr Publishing Al Nisr Publishing is a company based in Dubai, UAE. The company is a part of Al Tayer Group. It was established in 1985 by Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. It employs 1,050 people and has branches in Manilla, Bahrain, Abu Dhabi and Sharjah.  LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
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Publication:Gulf News (United Arab Emirates)
Date:Nov 20, 2009
Words:201
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