Gulf Property Panorama Countries GCC Market Insights Real Estate News United Arab Emirates

Dubai records over $490mln in realty transactions Tuesday

Gulf Estate Gazette January 17, 2024

0 238 Less than a minute

Dubai Marina District Cityscape,United Arab Emirates. Getty Images Image used for illustrative purpose. Getty Images Source: Zawya.com

The sales included 480 villas and apartments

DUBAI: Dubai real estate market recorded 525 sales transactions worth AED1.54 billion, in addition to 127 mortgage deals of AED226.51 million, and 19 gift deals amounting to AED89.9 million on Tuesday, data released by Dubai’s Land Department (DLD) showed.

The sales included 480 villas and apartments worth AED 1.23 billion, and 45 land plots worth AED304.55 million

The mortgages included 109 villas and apartments worth AED196.4 million and 18 land plots valued at AED30.11 million, bringing the total realty transactions of today to over AED1.8 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.