GCC Market Insights Countries Design & Architecture Real Estate News Real Estate Resources United Arab Emirates

Dubai logs over $3.4bln in realty transactions Tuesday

Gulf Estate Gazette January 24, 2024

0 418 Less than a minute

Panoramic View of Dubai Skyline at Sunrise. Getty Images Image used for illustrative purpose. Source: Zawya.com

The sales included 446 villas and apartments

Dubai’s real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210 mortgage deals totalling AED1.95 billion, and 30 gift deals amounting to AED165.56 million, data released by Dubai’s Land Department (DLD) showed.

The sales included 446 villas and apartments worth AED949.04 million, and 64 land plots worth AED411.67 million.

The mortgages included 188 villas and apartments worth AED1.71 billion and 22 land plots valued at AED236.22 million, bringing the total realty transactions of today to over AED3.4 billion.

Source

Gulf Estate Gazette

Gulf Estate Gazette is a leading source for comprehensive insights into the dynamic real estate landscape of the GCC and MENA region. Our platform is dedicated to providing valuable information and perspectives for individuals, investors, and industry professionals. With a passionate team and an unwavering commitment to excellence, we aim to empower our audience with the knowledge and opportunities needed to thrive in the ever-evolving world of real estate in the Gulf and beyond.