Dubai’s real estate market recorded 283 sales transactions worth 580.54 million and 48 mortgage deals worth 104.87 million and 12 gift deals worth 22.86 million Wednesday, according to the emirate’s Land Department (DLD).
Based on data available on DLD’s website, the sales included 194 units, 31 buildings, and 58 land plots, while the mortgages covered 20 units, 5 buildings, and 23 land plots.
Dubai saw a notable increase in residential transactions over the second quarter of 2021, with positive market sentiment and international buyer interest driving sales, according to Chestertons, a leading international real estate services firm.
According to the Observer: UAE Q2 2021 Market Report, the total value of Dubai’s residential transactions rose by almost 50% Quarter-on-Quarter to AED31.02 billion, compared with AED20.77 billion in the previous quarter.