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Dubai realty market records deals worth $653 million on Tuesday

Al Hebiah Fifth recorded the most transactions for this week by 93 sales transactions worth AED246.61 million. (WAM)
  • The sales included 360 villas and apartments worth AED738.88 million, and 76 land plots worth AED232.51 million.
  • The emirate's real estate market record realty transactions worth over AED1.6 billion on Monday.

Dubai real estate market recorded 436 sales transactions worth AED971.4 million ($264 million), in addition to 101 mortgage deals of AED1.38 billion, and 17 gift deals amounting to AED55.13 million on Tuesday, data released by Dubai’s Land Department (DLD) said.

The sales included 360 villas and apartments worth AED738.88 million, and 76 land plots worth AED232.51 million, while mortgages included 88 villas and apartments worth AED1.24 million and 13 land plots valued at AED147.64 million, bringing the total realty transactions of today to over AED2.4 billion ($653 million).

On Monday, the emirate real estate market recorded 376 sales transactions worth AED897.38 million, in addition to 122 mortgage deals of AED704.22 million, and 13 gift deals amounting to AED23.3 million on Monday, data released by Dubai’s Land Department (DLD) showed.

The sales included 298 villas and apartments worth AED602.04 million, and 78 land plots worth AED295.34 million, while mortgages included 92 villas and apartments worth AED226.63 million and 30 land plots valued at AED477.59 million, bringing the total realty transactions to over AED1.6 billion.