Dubai real estate market recorded 445 sales transactions worth AED 1.06 billion and 76 mortgage deals of AED 1.09 billion ($296 million), in addition to 10 gift deals amounting to AED 23.91 million Wednesday, data released by Dubai’s Land Department (DLD) showed.
The sales included 411 villas and apartments worth AED 929.83 million, and 34 land plots worth AED 133.98 million, while mortgages included 63 villas and apartments worth AED 856.87 million and 13 land plots valued at AED 236.68 million, bringing the total realty transactions for the day to over AED 2.1 billion.
In April, the market recorded 6,983 sales transactions, an increase of 45.5 percent over April 2021, the highest in a month in 10 years, according to Mo’asher, Dubai’s official Sales Price and Rental Performance index launched by Dubai Land Department (DLD) in cooperation with Property Finder.
The base year for Mo’asher is 2012, and the base month for the monthly index is January 2012, with the base quarter for the quarterly index being Q1 2012.