Sunday, November 04, 2007

Dubai recorded Dh.10.22bn worth land transactions last month

The total value of land transactions in Dubai touched Dh.10.22bn in October, according to Dubai Land Department.

Out of the total 395 cash sales that happened during the month, these transactions were worth Dh.6.03bn, out of which Dh.3.49bn were from mortgage trasactions, and Dh.693.49million were from donation of land and property.

The Land Department in Dubai, registered 395 transactions during the month of October, across 61 districts in Dubai. The total area sold was about 9.24 million square feet. About 354 transactions involved the sale of developed or built land.

Al Jadaf recorded the top selling district, generating 18.28 percent of sales during October.

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