Dubai’s real estate market experienced a surge in activity on Thursday, with a total of 669 sales transactions valued at AED 2.91 billion, according to data released by Dubai’s Land Department (DLD). The market also saw 134 mortgage deals amounting to AED 268.19 million and 89 gift deals worth AED 101.47 million.
Among the sales transactions, 567 villas and apartments were sold, contributing AED 1.84 billion to the total, while 102 land plots were also included in the sales, accounting for AED 1.08 billion in value.
The mortgage deals comprised 104 villas and apartments, with a total worth of AED 177.39 million, and 30 land plots valued at AED 90.8 million. The combined mortgage transactions and sales brought the total realty transactions for the day to over AED 3.2 billion.
The robust activity in Dubai’s real estate market indicates a positive trend in the sector, with investors and buyers actively participating in various segments of the market. The sales of villas, apartments, and land plots demonstrate the ongoing demand for diverse real estate offerings in the city.
The Land Department’s data reflects the resilience and attractiveness of Dubai’s real estate market, as buyers continue to show confidence in the sector. The surge in transactions is expected to contribute to the overall growth and stability of the market, further cementing Dubai’s position as a prime destination for real estate investments.
The Land Department remains committed to providing transparent and reliable data to market participants, facilitating informed decision-making and fostering a thriving real estate ecosystem.