Dubai’s real estate market recorded 474 sales transactions worth AED1.52 billion ($413 million) and mortgage deals of AED441.56 million, in addition to 11 gift transactions amounting to AED27.4 million Tuesday, data released by the Dubai Land Department (DLD) showed.
The sales included 376 villas and apartments worth AED849.54 million, and 98 land plots worth AED671.55 million. The mortgages included 57 villas and apartments worth AED321.33 million and 18 land plots valued at AED120.23 million, bringing the total realty transactions of today to over AED1.9 bn
During the week ending 18 March, Dubai recorded $2.53 billion worth of real estate and properties transactions.
The weekly DLD report said the sum of transactions was 2,400.
A total of 355 plots were sold for AED 1.33 billion, while 1,547 apartments and villas were sold for AED 2.96 billion.
The top three transactions were a plot of land in Al Safouh First for AED 180 million, followed by a plot of land that was sold for AED 46 million in Al Thanayah Fourth, and a plot of land for AED 180 million in Al Safouh First.