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Tesla Q1 sales sink 13 percent

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Dubai records $626 million in realty transactions: Land Department

Dubai Chamber of Digital Economy attracted 69 emerging technology companies to the emirate.
By Hilal Mir
April 6, 2023 11:12 pm
  • The deals included 502 sales transactions worth AED1.44 billion, in addition to 95 mortgage deals of AED898.52 million.
  • The sales included 465 villas and apartments worth AED1.1 billion, and 37 land plots worth AED340.65 million.

Dubai, UAE — Dubai recorded real estate deals worth AED2.3 billion ($626 million) on Wednesday, according to Dubai Land Department.

The deals included 502 sales transactions worth AED1.44 billion, in addition to 95 mortgage deals of AED898.52 million, and 13 gift deals amounting to AED21 million on Thursday.

The sales included 465 villas and apartments worth AED1.1 billion, and 37 land plots worth AED340.65 million.

The mortgages included 78 villas and apartments worth AED868.7 million and 17 land plots valued at AED29.82 million.

The emirate recorded AED34.2 billion ($9.3 billion) in real estate transactions in March 2023, rising 45 percent year on year to more than 12,000 deals compared to 8,344 in March 2022, according to Property Finder.

The value of transactions increased more than 53 percent compared to March 2022.

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