Real estate transactions in Dubai reached a record high of 12.2 billion dirhams at the beginning of the week, involving 720 deals.
According to the data from the Dubai Land Department, the transactions included 8.8 billion dirhams in sales from 593 deals, 2.2 billion dirhams in mortgages across 97 transactions, and 1.2 billion dirhams in gifts from 30 agreements.
On Monday, the market witnessed three record-breaking transactions for the sale of three plots of land in the Al Ruwaya area, totaling 6.3 billion dirhams.