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Land transactions in Dubai net Dh47.1m
- August 14, 2005, 12:42 amThe biggest deal took place in Al Mezhar-2, where a plot changed hands for Dh3.9 million.
The next two involved a plot in Al Wahida, which sold for Dh2.5 million and one in Al Rashidiya, which sold for Dh1.2 million.
Hor Al Anz was the most active, with two transactions concluded, followed by Al Quoz-1 with a sale.
Al Mezhar-2 recorded the highest turnover by value, at Dh3.9 million, followed by Al Wahida, which registered Dh2.5 million in deals.
Hor Al Anz recorded Dh1.3 million.
The biggest single plot to change hands was a 20,000 square foot plot in Al Mezhar-2. It sold for Dh3.9 million.
A 10,300 square foot plot in Al Wahida, changed hands for Dh2.5 million, while a 6,400 square foot plot in Al Rashidiya sold for Dh1.2 million.
The department also registered four mortgages worth Dh32.7 million.
Source - Gulf News
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