Monday , March 20 2023

Negotiations on real estate in Dubai exceed 507 million dirhams


DUBAI – DDA's real estate business in Dubai's Dwelling and Property Department (DDA) made more than 507 million dirhams Tuesday.

Today, the department has made 114 promises of 165 million AED, of which 19 are land for 48 million AED and 95 million for apartments and villas valued at 117 million AED.

The major land sales amounted to 8 million dirhams in the Nad Al Sheba region, followed by a commitment of 5 million dirhams in the fourth Habiba area, followed by a commitment of 5 million dirhams in the Jebel Ali industrial estate.

The first district of Nad Al Sheba surpassed the regions by sales, with 6 sales of 22 million dirhams, followed by Al-Yafra 2 to 4 sales of 4 million dirhams and a third in the fourth group with a promise of 5 million dirhams.

As for the major sales of apartments and villas, it was the promise of 6 million dirhams to Palm Jumeirah as the most important sales, followed by a commitment of 5 million dirhams in the Burj Khalifa region and finally a promise of 5 million dirhams in the Safa Valley 7.

The first district of the Worsan region concerned the number of apartment and villas sales with a total of 13 million dirhams, followed by the Gulf trade zone with 12 million dirhams and one third at Palm Jumeirah with 10 sales worth 21 million dirhams.

Mortgage loans were valued at 342 million dirhams, 23 of which were mortgages worth 173 million dirhams and 27 villas and apartments worth 169 million dirhams, the most important of which was in the Wadi Safa region of 146 million dirhams.


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