On Wednesday, real estate transactions in the Dubai Land Department exceeded 7.1 billion dirhams, conducted through 749 deals, indicating the ongoing momentum in the emirate’s property market.
The department recorded 591 sales, totaling 1.8 billion dirhams, which comprised 44 land sales, 463 residential unit sales, and 84 building sales.
Among the notable market activities was a land mortgage in the Palm Jumeirah area valued at 4.2 billion dirhams, in addition to the sale of an off-plan apartment in the Burj Khalifa area for 50 million dirhams.
Furthermore, mortgage transactions amounted to approximately 4.5 billion dirhams through 130 operations, which included 40 land mortgages, 79 residential unit mortgages, and 15 building mortgages, while the market also recorded 28 gifts valued at a total of 788 million dirhams.