Data released by Dubai’s Land Department (DLD) revealed that the real estate market in Dubai experienced a flurry of activity on Monday, with a total of 637 sales transactions worth AED2.19 billion. In addition, 161 mortgage deals amounting to AED337.17 million and 17 gift deals totaling AED94.67 million were recorded.
The sales transactions comprised 576 villas and apartments, valued at AED1.54 billion, and 61 land plots, valued at AED653.87 million. The robust sales activity demonstrated sustained interest in Dubai’s residential and land properties.
The mortgage deals involved 131 villas and apartments, with a total worth of AED256.69 million, and 30 land plots valued at AED80.48 million. These transactions further contributed to the significant total real estate activity of the day, surpassing AED2.6 billion.
The surge in real estate transactions indicates the continued attractiveness of Dubai’s property market, drawing both local and international investors. The city’s strategic location, diverse offerings, and favorable investment climate contribute to its appeal as a prominent real estate destination.
Dubai’s Land Department remains committed to facilitating smooth and transparent real estate transactions while ensuring the growth and stability of the property market. The recorded data showcases the resilience and ongoing vitality of Dubai’s real estate sector, reflecting the confidence of buyers, sellers, and investors in the city’s property market.