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Dubai's Gulf News reported today that the land deals in Dubai last week hit a stunning 429.02 million AED, with sales exceeding 253 million AED.

This goes back to 34 sales transactions, which have been registered with the department by the end of last week. The biggest deal was made for a plot in Oud Metha in Dubai, which was sold for 90 million AED.
The second one was a plot in Emirates Hills 2, which went for 24.406 million AED. Third one was land in Al Mamzar, sold for 18.5 million AED.
The Emirates Hills 1 area was the most active one with 16 deals alone.

The Al Mamzar area recorded 4 sales. The biggest plot sold was a 45’194 square feet area in Emirates Hills 2, the deal was closed for 24.41 million AED. The plot in Oud Metha, which was sold for 90 million AED is 26’147 square feet big.

Please note that this was all happening within one week only ;-)
We will inform you about the developments in this areas in later articles.

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