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Dubai records realty transactions worth more than $430m on Monday

Q1 2022 recorded a total of 20,539 sales transactions worth AED 55.51 billion ($15.11 billion).
By TRENDS Desk
March 1, 2022 8:32 am
  • In all, there were 294 sales transactions worth AED666.33 million ($181.44 million) throughout the day
  • According to the data, Dubai also saw mortgage deals that amounted to AED915.77 million ($249.36 million) on Monday

Dubai’s real-estate market on Monday, February 28, recorded a total of 301 transactions of varied types with a total value of AED1.59 billion ($433.22 million), according to data released by the emirate’s Land Department (DLD).

In all, there were 294 sales transactions worth AED666.33 million ($181.44 million) throughout the day, the local data showed.

The day also saw mortgage deals that amounted to AED915.77 million ($249.36 million).

This was in addition to seven gift transactions that were worth AED9.84 million ($2.68 million).

The sales included 265 villas and apartments worth AED556.45 million ($151.52 million).

Besides, 29 land plots worth AED109.88 million ($29.92 million) were also sold.

The mortgages included 74 villas and apartments worth AED153.56 million ($41.81 million).

They also applied to 14 land plots valued at AED762.21 million ($207.55 million).

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