Dubai records over AED2.1 billion in realty transactions in a day

Dubai: Dubai real estate market recorded 477 sales realty transactions worth AED1.66 billion, in addition to 129 mortgage deals of AED430.56 million, and 20 gift deals amounting to AED60.74 million on Monday, data released by Dubai’s Land Department (DLD) showed.

The sales included 431 villas and apartments worth AED983.33 million, and 46 land plots worth AED674.53 million

The mortgages included 101 villas and apartments worth AED155.57 million and 28 land plots valued at AED275 million, bringing the total realty transactions of today to over AED2.1 billion.

Recently we had reported that total of 1,721 real estate and properties transactions valued at AED5.8 billion were conducted during the week ending 5th January, according to the Dubai Land Department (DLD). This astronomical growth in realty transactions is just in the beginning of the year.

The DLD weekly report said that 114 plots were sold for AED 1.36 billion, 1,183 apartments and villas were sold for AED 3.13 billion.

The top three transactions were a land in Al Thanyah Fifth sold for AED 268.33 million, followed by a land that was sold for AED 113.9 million in Warsan Fourth, and a land sold for AED 65.26 million in Palm Jabal Ali in third place.