Real estate transactions in Dubai climb to $462.8 million on Wednesday as property demand soars

Dubai’s real estate market recorded transactions worth $462.8 million (AED 1.7 billion) on Wednesday, 22 June, up from $380 million (AED1.2 billion) on Monday, 20 June, as the strong momentum in property demand continues.

On 22 June, Dubai witnessed the completion of 486 sales transactions worth AED 1.31 billion, in addition to 93 mortgage deals worth AED 360.57 million, and 10 gift deals amounting to AED 30.74 million, according to data released by Dubai’s Land Department (DLD).

The sales included 424 villas and apartments worth AED 1.08 billion, and 62 land plots worth AED 231.57 million.