Dubai’s Real Estate Market Records Over $762.4 Million in Transactions on Tuesday

Dubai's Real Estate Market Records Over $762.4 Million in Transactions on Tuesday

Dubai’s real estate market remains robust as it records 504 sales transactions, 98 mortgage deals, and 23 gift deals on Tuesday, according to data released by Dubai’s Land Department (DLD). The transactions amount to over AED2.8 billion or $762.4 million.

The sales transactions include 471 villas and apartments worth AED954.05 million, and 33 land plots worth AED382.44 million. Meanwhile, the mortgage deals include 84 villas and apartments valued at AED1.15 billion and 14 land plots worth AED112.62 million.

Dubai’s thriving real estate market continues to attract local and international investors despite the challenges posed by the global pandemic. The government’s initiatives to boost the economy and support the real estate sector have contributed to the market’s resilience and growth.

Investing in Dubai’s real estate market offers attractive returns, with a wide range of properties available to suit different preferences and budgets. With the market’s positive outlook, experts believe that now is an opportune time to invest in the emirate’s real estate sector.

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