On Thursday, the real estate market recorded four significant mortgage transactions totaling 1.7 billion dirhams, indicating strong liquidity and persistent confidence from financial institutions amidst regional challenges.
Data from the Dubai Land Department revealed that the first parcel of land was mortgaged for 900 million dirhams, located in the Business Bay area. Additionally, a residential plot in the same locality was mortgaged for 600 million dirhams. A third plot designated for a school in Al Barsha South Third was mortgaged for 140 million dirhams, along with a fourth land parcel in the Al Makrad area valued at 129.8 million dirhams.
Furthermore, the total real estate transactions since the start of the day reached 4.3 billion dirhams through 833 deals.