Property market deals in Dubai recorded AED2.4 billion on Monday, marking another high for the real estate market in the emirate.
Monday’s deals included 532 sales transactions worth AED1.39 billion, 101 mortgage deals of AED710.22 million, and 12 gift deals amounting to AED363.74 million, according to Dubai Land Department (DLD) data.
The sales included 487 villas and apartments worth AED980.41 million, and 45 land plots worth AED413.3 million.
The mortgages included 75 villas and apartments worth AED658.11 million and 26 land plots valued at AED52.11 million.
The Dubai real estate market has been in the grip of a bull run for several months now, with the emirate’s annual real estate transactions crossing half a trillion dirhams for the first time in 2022, according to official statistics.
Last year’s property transaction amounted to a record AED528 billion ($143.8 billion), a 76.5 percent increase from 2021.
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