Dubai saw more than a billion dollars of real estate transactions in a single day on Tuesday, according to Land Department data.
In total there were more than AED4.1bn ($1.1bn) in realty transactions Tuesday, official statistics show.
In total there were 458 sales transactions worth AED2.01bn ($547m), in addition to 98 mortgage deals of AED1.29bn ($351.3m), and 65 gift deals amounting to AED851.86m ($547m).
Dubai real estate’s billion-dollar day
The sales included 384 villas and apartments worth AED786.6m ($214.2m), and 74 land plots worth AED1.22bn ($332.2m).
Mortgages included 80 villas and apartments worth AED135.24m ($37m) and 18 land plots valued at AED1.15bn ($313.1m).
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