Daily real estate transactions hit AED 1.6 billion in Dubai

According to information published by the Dubai Land Department (DLD), the total value of real estate transactions hit AED 1.6 billion ($435.6 million, ¥2.9 billion). A detailed review showed that there were a total of 376 purchase and sale transactions for AED 897.38 million. 122 transactions for AED 704.22 million ($191.7 million, ¥1.2 billion) were made using mortgages. 13 transactions for AED 23.3 million ($6.3 million, ¥42.6 million) were conducted to purchase a house as a gift.

What was purchased?

On that day, buyers preferred apartments and villas. A total of 170 housing units were sold in this category for AED 828.67 million ($225.6 million, ¥1.5 billion). 78 land plot purchase and sale agreements were also concluded. Their total value amounted to AED 295.34 million (80.4 million $, 541.1 million ¥).