Dubai Real Estate Market Hits AED 2.8 Billion in Transactions on Monday
Dubai’s booming and vibrant property market continued its upward trajectory on Monday with no less than 670 sales transactions totaling over 2 billion AED recorded. The brisk activity comes amidst strong demand, attractive payment plans, and new off-plan launches motivating buyers and investors alike. Monday’s sales bonanza also included 112 lucrative mortgage deals valued at 724.49 million AED. Additionally, 13 gift deals worth 94.95 million AED changed hands, pointing to the market’s positive sentiment. Industry experts laud the momentum, with some arguing Dubai’s property sector shows no signs of slowing despite global headwinds.
Monday’s monumental property transactions were powered largely by villas and apartments, with 599 such deals totaling a mammoth 1.7 billion AED recorded. Additionally, 71 plots of located at some of the most prime location in Dubai, worth 328.06 million AED were scooped up.
On the mortgage front, activity was also robust – 94 villas and apartments valued at 702.13 million AED were financed through mortgages along with 18 land plots worth 22.36 million AED.
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Last Updated on 11 months by Kashif Faraz
