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Dubai records 283 sales transactions worth Dh580.54 mn in a single day

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The massive sale consisted of 194 units, 31 buildings, and 58 land plots and the mortgages included 20 units, 5 buildings and 23 land plots

Recently, the Dubai real estate market recorded 283 sales transactions worth Dh580.54 million and mortgages deals around Dh104.87 million along with 12 gift transactions amounting to Dh22.86 million on August 18, according to the data released by the emirate’s Land Department (DLD). The sale consisted of 194 units, 31 buildings, and 58 land plots and the mortgages included 20 units, 5 buildings and 23 land plots.

Overall, Dubai has been noticing a steep increase in residential transactions during the second quarter of 2021 as the market recovers due to positive sentiment and continued international buyer interest driving sales as pointed out by leading international real estate services firm, Chestertons.

In June 2021, the Dubai Land Department (DLD) reported a total of 1,982 real estate and properties transactions with the total value standing at $2.09 billion. According to reports, 98 plots were sold that amounted to Dh685.29 million and 1,336 apartments and villas were sold for Dh2.59 billion.

The highest number of transactions were recorded by Al Hebiah Third standing at Dh45.14 million from 16 sales transactions, followed by Hadaeq Sheikh Mohammed Bin Rashid with 13 sales transactions worth Dh126.03 million, and Nad Al Shiba First with 12 sales transactions worth Dh32 million in third place.

Coming to the sale of villas and apartments, Marsa Dubai took first place with 131 transactions valued at Dh342 million, followed by Al Thanyah Fifth with 119 transactions valued at Dh119 million, and Dubai Investment Park recording 117 transactions worth Dh335 million.

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