Dubai, UAE — Dubai’s real estate market recorded real estate deals worth AED 5.1 billion ($1.38 billion) on Tuesday and Wednesday, Dubai Land Department data shows.
A total of 500 sales transactions worth AED1.21 billion were recorded on Wednesday, in addition to 103 mortgage deals totaling AED267.86 million, and 73 gift deals amounting to AED225.33 million.
The sales included 467 villas and apartments worth AED970.05 million, and 33 land plots worth AED240.95 million.
The mortgages included 84 villas and apartments worth AED196.82 million and 19 land plots valued at AED71.04 million.
On Tuesday, the market recorded 612 sales transactions worth AED2.51 billion, in addition to 126 mortgage deals of AED 613.53 million, and 20 gift deals amounting to AED368.66 million.
The sales included 552 villas and apartments worth AED1.38 billion, and 60 land plots worth AED1.13 bn.
The mortgages included 90 villas and apartments worth AED261.07 million and 36 land plots valued at AED352.47 million.