The boom in Dubai’s real estate market continued on Thursday, with the city registering AED 1.5 billion worth of property deals.
Thursday’s property deals included 533 sales transactions worth AED1.24 billion, 129 mortgage deals of AED239.19 million, and 21 gift deals amounting to AED21.52 million, according to Dubai Land Department (DLD) data.
The sales included 489 villas and apartments worth AED1.02 billion, and 44 land plots worth AED224.57 million.
The mortgages included 110 villas and apartments worth AED216.65 million and 19 land plots valued at AED22.55 million.
The emirate has been witnessing a sustained demand for real estate assets in the past several months, with property deals breaching billion marks week after week.
The city’s property market is predicted to increase by 46 percent, and the cost of real estate to rise by 29 percent in 2023, according to a latest market research.
Follow us on
