Dubai records a billion-dollar deal to sell a plot of land in “Al-Yalais 1”

The real estate market in Dubai witnessed the implementation of a billion-dollar sale deal for a plot of land in the “Al Yalayis 1” area, with an area of ​​4.18 million square feet, with a total value of about 1.27 billion dirhams.

Data from the Dubai Rest application of the Dubai Land Department stated that the value of real estate sales in the emirate amounted to 5.18 billion dirhams through the implementation of 1,332 transactions.

The transactions were divided into 1,179 transactions for residential units, 56 transactions for buildings, and 97 transactions for lands.

While mortgage transactions recorded 242 transactions worth 914.39 million dirhams, distributed as 140 transactions for residential units, 32 transactions for buildings, and 70 transactions for lands, while gifts were recorded about 31 transactions worth 125.35 million dirhams.

In addition, the total transactions of Dubai real estate today, Monday, amounted to about 6.21 billion dirhams through the implementation of 1,605 transactions.

Thus, real estate sales in Dubai from the beginning of this year until the end of today’s transactions exceeded the barrier of 600 billion dirhams, reaching about 603.48 billion dirhams, while the total value of real estate transactions amounted to about 812.89 billion dirhams.