In a single day, transactions totaling nearly $1 billion in property deals were recorded by the Dubai Land Department.
On Tuesday, January 23, the Land Department reported that the Dubai real estate sector saw transactions amounting to AED3.48 billion ($946 million). The data revealed 510 sales transactions, valued at AED1.36 billion ($370 million). Additionally, there were 210 mortgage deals, with a total worth of AED1.95 billion ($531 million), and 30 gift deals, totaling AED165.56 million ($45.8 million).
Dubai real estate
The total sales comprised 446 villas and apartments, amounting to AED949.04 million ($258 million), and 64 land plots valued at AED411.67 million ($112.1 million). Additionally, the mortgages encompassed 188 villas and apartments, totaling AED1.71 billion ($465.6 million), along with 22 land plots with a total value of AED236.22 million ($70 million).
