$762mn worth of Property Deals were recorded in Dubai this Monday!

Dubai real estate transaction on Monday include 112 mortgage deals totalling AED724.49 million

Dubai recorded property buying deals to the tune of over $762 million (AED2.8 billion) on Monday, data released by Dubai Land Department (DLD) showed.

Monday’s deals included 670 sales transactions worth AED2.03 billion, 112 mortgage deals totalling AED724.49 million, and 13 gift deals amounting to AED94.95 million.

The sales included 599 villas and apartments worth AED1.7 billion, and 71 land plots worth AED328.06 million.

The mortgages included 94 villas and apartments worth AED702.13 million and 18 land plots valued at AED22.36 million.

The emirate’s real estate sector has been seeing a bull run for the last several weeks and months, and is expected to post an even higher growth rate in the second half of this year.

SOURCE