Dubai’s real estate market demonstrated remarkable vitality on Tuesday, with the Dubai Land Department (DLD) releasing data revealing a surge in transactions totaling over AED3.4 billion.

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According to the DLD’s report, the Dubai real estate landscape witnessed a flurry of activity, encompassing 510 sales transactions valued at AED1.36 billion. In addition to these sales, the market recorded 210 mortgage deals, amounting to AED1.95 billion, and 30 gift deals with a total value of AED165.56 million.

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The breakdown of transactions includes the sale of 64 land plots valued at AED411.67 million, along with 446 villas and apartments fetching AED949.04 million.

Notably, among the mortgage deals were 188 villas and apartments, valued at AED1.71 billion, and 22 land plots, with a combined value of AED236.22 million. This inclusion elevated the total value of real estate transactions on the day to an impressive AED3.4 billion.

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