Dubai real estate deals reached $419 million on Monday

According to figures from the Dubai Land Department (DLD), buyers kept pouring into the real estate market in Dubai, with purchases surpassing AED1.54 billion ($419.3 million) on Monday.
Total sales stood at AED1.27 billion, representing more than 82% of the transactions, while mortgaged properties worth over AED220 million accounted for nearly 15% of the deals.
Cash and mortgage transactions included at least 413 property units, 49 buildings and 135 land plots.
Due to the increased demand from both local and international investors, the number of property transactions has increased. Aldar said on Monday that it had just completed the sale of Yas Pak Gate, one of its brand-new developments, in Abu Dhabi alone for a total of AED 1.1 billion.