Monday, February 25, 2008

Dubai records high real estate sales of Dh.2.28bn

The real estate sales in Dubai during the week touched Dh.2.28bn, according to Dubai Land Department.

The property transactions including villa, land and apartment sales were high between 17th and 20th February 2008. The land sales, particularly, was the highest on 20th Feb, 2008. The total amount of transactions on 20th February, alone, touched Dh.1.13million.

The total value of land sales during the period was Dh.2.17 billion, while the apartments recorded a sale of Dh.92.2 millions, and villas recorded a sale of Dh.9.5 million.

Highest land sale was registered at Emirates Hills First (Dh. 380 million), followed by Al Hamriya (Dh.350 million).

The total value of mortgage sales during the 19th and 20th February was Dh.998.07 million

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