The Dubai real estate market recorded residential property transactions to the tune of AED 1.4 billion on Tuesday, August 23.
Tuesday’s property deals included 387 sales transactions worth AED1.15 billion, 68 mortgage deals of AED149.38 million and 85 gift deals amounting to AED140.85 million, according to data released by Dubai’s Land Department (DLD).
The sale deeds included 336 villas and apartments worth AED913.23 million and 51 land plots worth AED241.01 million.
The mortgages included 53 villas and apartments worth AED117.45 million and 15 land plots valued at AED31.94 million.
Real estate transactions in Dubai hit AED10.3 billion ($2.8 billion) during the week ending August 19 – across more than 3,000 deals.
Apartment and villa sales dominated at 2,239, while 344 plots were sold during the week, the DLD data showed.
The biggest transaction was a land sale in Al Wasl at AED400.18 million, followed by a AED205 million land sale in Hadeq Mohammed bin Rashid.
A land in Palm Jumeirah sold for AED130 million was also among the top transactions.
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