Dubai Real Estate
Dubai records over $490mn real estate transactions on Tuesday
January 19, 2024
Tuesday’s property deals included 525 sales transactions worth AED1.54 billion, 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million
The Dubai real estate market recorded property deals to the tune of over $490 million (AED1.8 billion) on Tuesday, reflecting the continued surge in demand for residential assets in the city.
Tuesday’s property deals included 525 sales transactions worth AED1.54 billion, 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million, data released by Dubai’s Land Department (DLD) showed.
The sales included 480 villas and apartments worth AED1.23 billion, and 45 land plots worth AED304.55 million.
The mortgages included 109 villas and apartments worth AED196.4 million and 18 land plots valued at AED30.11 million.
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