Property deals in the Dubai real estate market saw another high on Tuesday, posting AED2.1 billion.
Tuesday’s deal recorded include 471 sales transactions worth AED1.87 billion, 70 mortgage deals of AED122.36 million and 14 gift deals amounting to AED130.13 million, according to data released by Dubai’s Land Department (DLD).
Dubai real estate transactions
The sales included 451 villas and apartments worth AED1.56 billion, and 20 land plots worth AED316.57 million.
The mortgages included 47 villas and apartments worth AED68.8 million and 23 land plots valued at AED53.56 million.
The Dubai property market has been seeing a sustained demand surge in recent months, with last week alone recording real estate and property transactions valued at AED8.4 billion ($2.3 billion).
The total number of transactions last week ended January 27 was 2,786.
The top three transactions were a land in Al Safouh Second sold for AED140 million ($38 million), followed by a land that was sold for AED122.5 million ($33.4 million) in Al Thanyah Fifth, and a land sold for AED140 million ($38 million) in Al Safouh Second.
Dubai is set to have another year of busy activity in 2023, according to analysis by real estate specialists at JLL.
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