Dubai records over AED2 billion in realty transactions on 16 May

Dubai records over AED2 billion in realty transactions on Tuesday

According to data provided by Dubai’s Land Department (DLD), the real estate market in Dubai reported 512 sales transactions worth AED1.39 billion on Tuesday, along with 98 mortgage deals totaling AED562.97 million and 23 gift deals totaling AED59.9 million.

The sales included 49 land plots at AED315.57 million and 463 homes and apartments worth AED1.08 billion.

The mortgages covered 18 land plots for AED377.49 million and 80 villas and flats worth AED185.48 million, bringing the total value of today’s real estate transactions to nearly AED2 billion.

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