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Dubai real estate market records $925 million in daylong transactions

The value of real estate deals was $172 billion in 2023.
By TRENDS Desk
January 23, 2024 8:23 pm
  • The sales included 446 villas and apartments worth AED949.04 million, and 64 land plots worth AED411.67 million.
  • On Monday, emirate recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million.

Dubai, UAE — Dubai’s real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210 mortgage deals totaling AED1.95 billion, and 30 gift deals amounting to AED165.56 million, data released by Dubai’s Land Department (DLD) showed.

The sales included 446 villas and apartments worth AED949.04 million, and 64 land plots worth AED411.67 million.

The mortgages included 188 villas and apartments worth AED1.71 billion and 22 land plots valued at AED236.22 million, bringing the total realty transactions of today to over AED 3.4 billion ($925 million).

On Monday, the emirate recorded 715 sales transactions worth AED2.28 billion, in addition to 201 mortgage deals of AED993.9 million, and 30 gift deals amounting to AED76.3 million.

The sales included 653 villas and apartments worth AED1.65 billion, and 62 land plots worth AED624.87 million

The mortgages included 178 villas and apartments worth AED696.76 million and 23 land plots valued at AED297.14 million, bringing the total realty transactions of today to over AED3.3 billion.

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