Dubai’s real estate market witnessed a remarkable surge on Wednesday, as reported by the Dubai Land Department (DLD). The data reveals a total of 494 sales transactions, amounting to AED 2.18 billion. In addition, the day recorded 101 mortgage deals, totaling AED 1.07 billion, and 42 gift deals reaching a sum of AED 787.19 million.

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The transactions included the sale of 48 land plots valued at AED 1.09 billion and 446 villas and apartments, collectively worth AED 1.09 billion.

The overall value of real estate transactions on this day surpassed an impressive AED 4.04 billion. Mortgages contributed significantly, covering 16 land plots valued at AED 701.12 million and 85 villas and apartments with a combined value of AED 372.3 million.

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This surge in realty transactions reflects the vibrant and resilient nature of Dubai’s real estate market. Stay tuned for more updates on the dynamic landscape of Dubai’s property sector.