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Dubai records $417m worth of realty transactions on Monday

Dubai real estate market saw its best performance in a decade in July 2022. (WAM(
By TRENDS Desk
April 12, 2022 8:36 am
  • Dubai saw 403 sales worth AED1.12 billion (around $305 million) and 80 mortgage deals of AED414.07 million ($112.73 million)
  • The emirate also saw 10 gift transactions that amounted to AED18.32 million (almost $5 million) on Monday

The Dubai real-estate market recorded transactions amounting to more than AED1.53 billion ($417.72 million) on Monday, April 11, according to official data from the Dubai Land Department (DLD).

This included 403 sales worth AED1.12 billion (around $305 million) and 80 mortgage deals of AED414.07 million ($112.73 million), the DLD data showed.

There were also 10 gift transactions amounting to AED18.32 million (almost $5 million) on Monday, according to the data.

The sales included 345 villas and apartments worth AED759.06 million ($206.69 million), and 58 land plots worth AED360.89 million (around $98 million).

Meanwhile, the mortgages included those for 71 villas and apartments worth AED210.82 million ($57.41 million) and nine land plots valued at AED203.25 million ($55.34 million).

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