Dubai registered property deals to the tune of AED1.4 billion on Monday, July 3, the latest data showed.
Monday’s deals included 495 sales transactions worth AED1.15 billion, 79 mortgage deals totalling AED297.58 million, and 6 gift deals amounting to AED7.52 million.
The sales included 467 villas and apartments worth AED938.02 million, and 28 land plots worth AED208.93 million.
The mortgages included 62 villas and apartments worth AED213.79 million and 17 land plots valued at AED83.79 million.
Dubai real estate booms
Dubai’s property market has been registering a steady growth trajectory in the first half of this year, with an 80 percent increase in sales volume in a one-year period starting May 2022, a recent industry report said.
The report by Unique Properties said recent data showed 11,700 transactions were logged last month.
The strong performance is indicative of the estimated market reach of AED300 billion by the end of 2023, the report said.
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