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Dubai records realty deals worth $241 million on Wednesday

The DLD report showed that 618 plots were sold for AED 6.19 billion, while 2,410 apartments and villas were purchased for AED 5.63 billion. (WAM)
By Hilal Mir
August 4, 2022 4:37 pm
  • The real estate market in the emirate recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of AED163.78 million.
  • A day earlier, Dubai real estate market recorded AED1.2 billion in realty transactions.

Dubai recorded realty transactions worth AED888 million ($241 million) on Wednesday.

The real estate market in the emirate recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of AED163.78 million, and 18 gift deals amounting to AED56.24 million, data released by Dubai’s Land Department (DLD) showed.

The sales included 250 villas and apartments worth AED450.41 million, and 60 land plots worth AED217.69 million, while mortgages included 72 villas and apartments worth AED116.92 million and 14 land plots valued at AED46.85 million.

On Tuesday, the market recorded 396 sales transactions worth AED845.37 million, in addition to 110 mortgage deals of AED376.93 million, and 11 gift deals amounting to AED96.55 million.

The sales included 356 villas and apartments worth AED693.98 million, and 40 land plots worth AED151.4 million, while mortgages included 94 villas and apartments worth AED286.71 million and 16 land plots valued at AED90.21 million, bringing the total realty transactions on Tuesday to over AED1.2 billion.

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