Tel Aviv earlier announced that it was preparing a response to missile attacks on its territory
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The Municipality, in a Press release, said the figures for April showed a deep contrast in a whole range of areas, including the size of mortgage and sales transactions of real estates, lands and properties with the volume of deals made in the preceding month.
Property mortgages in April amounted to Dh11.9 billion, posting a 550 per cent increase compared to March, whereas the total sales price topped Dh241.2 million in April. The estimated value of mortgage transactions last March was only about Dh2 billion.
The Lands Division of the Municipality processed more than 30 inheritance registration transactions during April, and that included 26 withdrawal and merger transactions, 721 data amendment transactions, 54 allocation transactions, 9 land division transactions, and 21 waiver transactions.
The Municipality also undertook 137 transactions in the registered real estate mortgages, 19 mortgage amendment transactions, and 57 mortgage redemption transactions. The value of total mortgage transactions processed exceeded Dh11 billion. Sixty sales transactions valued at Dh241 million were also registered in the municipality in April.
Sales transactions included transactions of two commercial land plots amounting to Dh27 million and four agricultural land plots worth Dh10.4 million. The sales of residential land plots also showed an increase with 42 land plots sold for about Dh116 million in the month.
“The confidence pinned by clients and the stability of Abu Dhabi property market have motivated investors to activate the trading processes,” the release said, quoting Uwaidha Al Qubaisi, Acting Executive Director of the Municipal Services Sector.
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