The Dubai real estate market recorded property transactions worth AED1.3 billion on Thursday, September 8, lower than the AED1.9 billion registered on Wednesday.
Thursday’s property deals included 372 sales transactions worth AED1.04 billion, 76 mortgage deals of AED148.6 million and 28 gift deals amounting to AED169.89 million, according to data by Dubai’s Land Department (DLD).
The sales included 341 villas and apartments worth AED883.13 million and 31 land plots worth AED161.82 million.
The mortgages included 64 villas and apartments worth AED127.03 million and 12 land plots valued at AED21.57 million.
The first week of this month saw residential property deals in the emirate hitting very high levels – AED3 billion, AED2.4 billion and AED1.8 billion on September 6, 5 and 1, respectively.
The Dubai real estate market has been seeing a surge in recent months, hitting over AED1 billion sales transaction on several days and weeks in a row in the last 2-3 months.
As part of the real estate market growth, Palm Jumeirah developer Nakheel unveiled a master plan for Dubai Islands – another one of the UAE’s man-made wonders.
The five-island development, formerly called Deira Islands, aligns with the UAE’s ongoing push to be a global destination of choice for residents and investors.
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