On Thursday, Dubai’s Land Department (DLD) released data indicating that the Dubai real estate market had logged a total of 487 sales transactions worth AED 1.33B, along with 101 mortgage deals worth AED 347.17M and 14 gift deals worth AED 58.92M.
The sales comprised of 461 villas and apartments with a value of AED 1.17B, as well as 26 land plots with a value of AED 160.65M, according to WAM.
The mortgages, on the other hand, consisted of 74 villas and apartments worth AED 211.57M, and 27 land plots worth AED 135.6M. Overall, the total value of realty transactions on that day exceeded AED 1.7B.