Dubai records $327m realty deals in week ending Wednesday

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The real estate market in Dubai saw sustained growth in the run up to the ongoing Expo 2020.
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  • August 2021 was the second-highest month since December 2013 in terms of the number of sales transactions in one month.
  • The real estate market in Dubai is seeing sustained growth in the run-up to Expo 2020 Dubai.

DUBAI: Realty transactions worth AED 1.2 billion ($327 million) were recorded in Dubai on Wednesday, according to the Dubai Land Department.

The deals consisted of 266 real estate sales transactions worth AED849.88 million and mortgage deals of AED335.02 million in addition to 21 gift transactions amounting to AED26.73 million.

The sales covered 227 villas and apartments, and 39 land plots, while the mortgages included 51 villas and apartments and 17 land plots.

The real estate market in Dubai is seeing sustained growth in the run-up to Expo 2020 Dubai, said local reports on Wednesday, September 22.

The reports quoted the latest numbers from the 18th edition of Mo’asher, which is Dubai’s official sales price index.

According to Dubai’s official sales price index, August 2021 is the second-highest month since December 2013 in terms of the number of sales transactions in one month.

The index, it may be mentioned here, was launched by Dubai Land Department or DLD in cooperation with Property Finder.

The number of the aforementioned transactions — in the context of sales — was 5,780 transactions worth AED14.97 billion (around $4.08 billion).

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