Dubai sees $1.1 billion worth of real estate transactions in a day

The Dubai real estate market has recorded real estate transactions of around AED 3.9 billion ($1.06 billion) in value on Thursday last week, regulator data showed, as the UAE property market continues post-pandemic recovery.

Dubai Land Department (DLD) said 563 sales deals were made amounting to AED 3.46 billion, while 96 mortgage transactions were made amounting to AED 91.24 million.

Villas led the rally, where 488 units were sold, as well as 75 land plots. The mortgages include 83 villas and apartments and 13 land plots, the DLD data showed.