Dubai real estate market recorded property deals to the tune of AED 1.4 billion on Tuesday.
This was, however, lower than the AED 2.2 billion worth deals on Monday.
Tuesday’s property deals included 395 sales transactions worth AED1.02 billion, 86 mortgage deals of AED418.13 million, and 27 gift deals amounting to AED37.78 million, according to Dubai’s Land Department (DLD) data.
The sales included 360 villas and apartments worth AED673.91 million, and 35 land plots worth AED348.11 million.
The mortgages included 67 villas and apartments worth AED265.64 million and 19 land plots valued at AED152.49 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.
Dubai witnessed sale of a patch of land for a record-breaking AED125m ($34 million) on Monday, shattering UAE real estate records in the process.
The land sale transaction, reported by Knight Frank, took place in Jumeirah Bay Island, and the plot measured 24,500sq ft.
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