Dubai records over AED1.7 billion in real estate transactions on Tuesday

According to data provided by the Dubai Land Department (DLD), the real estate market in Dubai saw 500 sales worth AED1.42 billion on Tuesday, along with 68 mortgage transactions totaling AED219.2 million and 16 gift deals totaling AED140.24 million.

The mortgages included 46 villas and apartments worth AED66.39 million and 22 land plots valued at AED152.81 million, bringing the total value of today’s real estate transactions to over AED1.7 billion. The sales included 425 villas and apartments worth AED1.02 billion and 75 land plots worth AED399.22 million.