Dubai real estate sector records $946m of transactions on Tuesday

Dubai Land Department data records almost $1bn of property deals in single day

Written by Staff Writer Wed 24 Jan 2024Wed 24 Jan 2024

The Dubai real estate sector recorded transactions worth AED3.48 ($946m) bn on Tuesday, January 23 according to data from the Land Department.

In total there were 510 sales transactions, worth AED1.36bn ($370m).

There were also 210 mortgage deals, totalling AED1.95bn ($531m) and 30 gift deals amounting to AED165.56m ($45.8m).

The sales included 446 villas and apartments worth AED949.04m ($258m), and 64 land plots worth AED411.67m ($112.1m).

The mortgages included 188 villas and apartments worth AED1.71bn ($465.6m) and 22 land plots valued at AED236.22m ($70m).

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