Dubai records over $1.7bln in realty transactions Tuesday

The sales included 405 villas and apartments

Dubai real estate market recorded 457 sales transactions worth AED5.96 billion, in addition to 77 mortgage deals of AED334.39 million, and 25 gift deals amounting to AED61.22 million on Tuesday, data released by Dubai’s Land Department (DLD) showed.

The sales included 405 villas and apartments worth AED1.18 billion, and 52 land plots worth AED4.78 billion.

The mortgages included 59 villas and apartments worth AED220.28 million and 18 land plots valued at AED114.11 million, bringing the total realty transactions of today to over AED6.3 billion.