Dubai real estate: $470m of property deals on Wednesday

Dubai real estate market recorded 437 sales transactions worth $278m (AED1.02bn), in addition to 153 mortgage deals of $110m (AED402.94m), and 43 gift deals amounting to $30m (AED109.91m) on Wednesday, data released by the Land Department (DLD) showed.

The sales included 402 villas and apartments worth $239m (AED877.42m), and 35 land plots worth $39.1m (AED143.68m), while mortgages included 139 villas and apartments worth $61.5m (AED226.2m) and 14 land plots valued at $48.1m (AED176.74m).

The total realty transactions on Wednesday came to more than $470m (AED1.53bn).