Home / Economy / Dubai records thumping AED1.2 bn worth of realty transactions Wednesday

Dubai records thumping AED1.2 bn worth of realty transactions Wednesday

Dubai’s real estate market recorded 266 sales transactions worth AED849.88 million and mortgage deals of AED335.02 million in addition to 21 gift transactions amounting to AED26.73 million Wednesday, data released by the emirate’s Land Department (DLD) showed.

The sales covered 227 villas and apartments, and 39 land plots, while the mortgages included 51 villas & apartments and 17 land plots, bringing the total realty transactions of Wednesday to AED.1.2 bn.

Dubai’s witnessed a notable rise in residential transactions over Q2 of 2021, with positive market sentiment and continued international buyer interest driving sales, according to the latest research by leading international real estate services firm, Chestertons.

The findings, revealed in the latest Observer: UAE Q2 2021 Market Report, showed that total residential transaction value in Dubai increased by almost 50% Quarter-on-Quarter to AED31.02 billion, up from AED20.77 billion the previous quarter.

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