Dubai's Real Estate Market Soars: A Single Day Sees Over $680.6 Million in Transactions!
??? Dubai's real estate market continues to thrive, logging over $680.6 million in property transactions on a single day, according to data released by Dubai's Land Department (DLD). ??
The day's transactions included a whopping 694 sales, totaling AED1.94 billion ($528.6 million). These sales encompassed 639 villas and apartments, valued at AED1.54 billion ($419.3 million), and 55 land plots, worth AED391.98 million ($106.7 million). ????
In addition to sales, the day also saw 127 mortgage deals, amounting to AED466.28 million ($126.9 million). These mortgages covered 116 villas and apartments, worth AED389.71 million ($106 million), and 11 land plots, valued at AED76.58 million ($20.8 million). ????
Gift deals were also part of the day's transactions, with 47 deals totaling AED109.29 million ($29.7 million). ????
The total value of the day's real estate transactions exceeded AED2.5 billion ($680.6 million), underscoring the robust health of Dubai's property market. ??
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