Umm Al Quwain grants 54 properties to GCC and foreigners in Al Marsa Villas

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<The Land and Property Department in Umm Al Quwain revealed the value of real estate transactions in Umm Al Quwain during the past 4 months amounting to about 126 million dirhams, where it recorded residential, industrial and commercial land transactions with a total of 191 sales, where the number of transactions in commercial residential 102 sales, private residential 29 sales and industrial 60 sales, and 83 ownership of industrial, commercial and residential land was issued, covering all areas of the emirate, in addition to issuing 54 ownerships for citizens, Gulf and foreigners in the villas of Umm Al Quwain Marina.

<Ali Musaffar, Director of the Land and Property Department in Umm Al Quwain, said that the trading rate during the first four months of this year was 15%, which is a high percentage compared to the same period last year, pointing out that 12 commercial residential properties worth AED 4 million and 970 thousand were traded and 32 commercial residential plots were sold for 9 million and 477 thousand dirhams. 9 million 477 thousand 800 dirhams, 41 commercial residential plots worth 18 million 647 thousand dirhams, 7 private residential plots worth 4 million 900 thousand dirhams and 11 private residential plots worth 6 million 115 thousand dirhams, pointing out that the ownership of 32 villas in Umm Al Quwain Marina was issued to citizens and Gulf nationals and 22 others to expatriates.