AED1.1 bn worth of real estate is transacted in Dubai

AED1.1 bn worth of real estate is transacted in Dubai

Dubai’s real estate market recorded 343 sales transactions totaling AED862.73 million and AED168.87 million in mortgage deals Wednesday, in addition to 13 gift transactions totaling AED72.7 million, data released by Dubai’s Land Department (DLD) showed.

There were 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million, while the mortgages included 52 villas & apartments costing AED123.74 million and 10 land plots valued at AED45.14 million, bringing the total realty transactions of Wednesday to AED1.1 bn.

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