AED1.7 billion worth of real estate transactions were recorded in Dubai on Tuesday

According to data provided by the Dubai Land Department (DLD), the real estate market in Dubai saw 425 sales transactions worth AED1.32 billion on Tuesday, along with 71 mortgage deals totaling AED386.7 million and 12 gift deals totaling AED56.77 million.

The mortgages included 55 villas and apartments worth AED315.5 million and 16 land plots valued at AED71.2 million, bringing the total value of today’s real estate transactions to over AED1.7 billion. The sales included 403 villas and apartments worth AED1.17 billion and 22 land plots worth AED149.92 million.