The rise in realty transactions continue with the total transactions hitting over AED 2.4 billion on Monday, September 5.
The deals registered on Monday included 568 sales transactions amounting to AED 1.37 billion, additionally 93 mortgage deals were recorded amounting to AED 197.58 million, and 23 gift deals worth AED 858.27 million, according to data released by Dubai’s Land Department (DLD).
The sales included 503 villas and apartments worth AED 1.04 billion, and 65 land plots worth AED 323.78 million.
Mortgages included 71 villas and apartments with a total value of AED 164.78 million and 22 land plots valued at AED 32.8 million.
The Dubai real estate market has been facing a surge in recent months, hitting over AED 1 billion sales transaction on several days and weeks in a row in the last 2-3 months. The emirate recorded residential property transactions to the tune of AED 1.8 billion on, September 1.
As part of the real-estate market growth, Palm Jumeirah developer Nakheel unveiled masterplan for Dubai Islands – another one of the UAE’s man-made wonders. The five-island development, formerly called Deira Islands, aligns with the UAE’s ongoing push to be a global destination of choice for residents and investors.