The Dubai real estate market recorded $408.3 million (AED 1.5 billion) worth of realty transactions on Monday.
The emirate’s real estate market witnessed 403 sales transactions worth $304.9 million (AED 1.12 billion) and 80 mortgage deals of $112.73 million (AED 414.07 million), in addition to 10 gift transactions amounting to $4.98 million (AED 18.32 million) on Monday, according to data released by the Dubai Land Department (DLD).
The sales included 345 villas and apartments worth $206.6 million (AED 759.06 million), and 58 land plots worth $98.25 million (AED 360.89 million).
Meanwhile, the mortgages included 71 villas and apartments worth $57.39 million (AED 210.82 million) and nine land plots valued at $55.33 million (AED 203.25 million), bringing the total realty transactions of Monday to more than $408.3 million (AED 1.5 billion).
Dubai real estate transactions in the first week of Ramadan
A total 2,012 real estate transactions worth $1.44 billion (AED 5.3 billion) in total were conducted in Dubai during the first week of Ramadan, in a seven-day period ending 8 April, 2022.
According to figures released by the Dubai Land Department, 236 plots were sold for $291.3 million (AED 1.07 billion).
Additionally, another 1,415 apartments and villas were sold for $805.85 million (AED 2.96 billion), the state-run news agency, Wam, reported.
The sum of the amount of mortgaged properties for the week was $285.86 million (AED 1.05 billion).
Furthermore, 53 properties were granted between first-degree relatives worth $73.23 million (AED 269 million).
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