Dubai real estate records second $1bn day in a row
Dubai Land Department reports second consecutive billion-dollar real estate day in a row
The Dubai real estate sector recorded a second day in a row with transactions of more than $1bn, according to official Land Department statistics.
In total there were 613 sales transactions worth AED1.82bn ($496m) on Wednesday, July 5.
In addition, there were 103 mortgage deals totalling AED975.3m ($266m), and 26 gift deals amounting to AED915m ($249m).
Dubai real estate $1bn day
The sales included 544 villas and apartments worth AED1.16bn ($316m), and 69 land plots worth AED656.79m ($179m).
The mortgages included 87 villas and apartments worth AED828.99m ($226m) and 16 land plots valued at AED146.31m ($40m), bringing the total realty transactions to more than AED3.7bn ($1bn).
