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Villas, apartments worth $265 million sold in Dubai

Bitay offers AEDD, a stable coin pegged to the AED. (WAM)
By TRENDS Desk
October 11, 2022 9:42 pm
  • The total realty deals recorded during the day amounted to $408 million, according to Dubai Land Department.
  • Mortgages included 47 villas and apartments worth AED109.29 million and 30 land plots valued at AED80.72 million.

Dubai, UAE— Dubai real estate market recorded realty deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.

The deals included 469 sales transactions worth AED1.29 billion, in addition to 77 mortgage deals of AED190.01 million, and eight gifts deals amounting to AED26.82 million.

The sales included 438 villas and apartments worth AED976.46 million, and 31 land plots worth AED318.01 million, while mortgages included 47 villas and apartments worth AED109.29 million and 30 land plots valued at AED80.72 million.

On Monday, 445 sales transactions worth US$321 million (AED1.18 billion), in addition to 68 mortgage deals of $121 million (AED445.38 million) and 37 gifts deals amounting to $16 million (AED61.34 million) were recorded.

The sales included 423 villas and apartments worth $266 million (AED977.17 million) and 22 land plots worth $55 million (AED203.92 million).

While mortgages included 57 villas and apartments worth $50 million (AED184.33 million) and 11 land plots valued at $71 million (AED261.05 million), bringing the total realty transactions on Monday to over $435 million (AED1.6 billion).

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