Posted inReal estateReal EstateUAE

Dubai property sales hit $381 million on Wednesday amid market boom

The sales were dominated by 341 villas and apartments sold for AED1.01 billion and 45 land plots sold for AED195.91 million

Dubai real estate market

Dubai’s real estate market recorded 386 sales transactions worth AED1.2 billion on Wednesday, data released by Dubai Land Department (DLD) showed.

84 mortgage deals worth AED151.32 million, and 62 gift deals amounting to AED48.92 million, also contributed to the realty transactions.

The sales included 341 villas and apartments worth AED1.01 billion and 45 land plots worth AED195.91 million.

The mortgages included 63 villas and apartments worth AED129.08 million and 21 land plots valued at AED22.24 million.

This week so far, residential property deals in the emirate have hit high levels of AED1.7 billion, AED1.77 billion on September 12 and September 13, respectively.

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Abdul Rawuf

Abdul Rawuf