Real estate transactions in the Dubai Land Department recorded over 10.7 billion dirhams through 958 deals today.
The department noted 773 sales worth 6.6 billion dirhams, which included 115 land sales, 579 residential unit sales, and 79 building sales.
Mortgages accounted for 1.3 billion dirhams through 142 transactions, comprising 39 mortgages for land, 91 for residential units, and 21 for buildings. Additionally, 43 gift transactions were registered, totaling 2.6 billion dirhams.
A notable land sale in the Al Yalayis 1 area reached 1.4 billion dirhams, while another plot in the Suh Al Sheeb 1 area was sold for 1.2 billion dirhams. The Fairmont The Palm hotel recorded three significant deals, including a mortgage valued at 884 million dirhams and two gift transactions totaling 2.3 billion dirhams.