Dubai’s Property Market Maintains Momentum with 1.4 Billion Dirham Day

Dubai’s Property Market Maintains Momentum with 1.4 Billion Dirham Day

Dubai’s real estate market showed continued strength on Tuesday, recording transactions valued at 1.4 billion dirhams (approximately $381 million). This follows a robust start to the week, with deals exceeding 2.2 billion dirhams on Monday. The latest figures, released by the Dubai Land Department (DLD), indicate a healthy mix of property types driving market activity. Sales transactions involving villas, apartments, and land plots collectively reached 1.02 billion […]

via Dubai’s Property Market Maintains Momentum with 1.4 Billion Dirham Day

Dubai’s real estate market showed continued strength on Tuesday, recording transactions valued at 1.4 billion dirhams (approximately $381 million). This follows a robust start to the week, with deals exceeding 2.2 billion dirhams on Monday.

The latest figures, released by the Dubai Land Department (DLD), indicate a healthy mix of property types driving market activity. Sales transactions involving villas, apartments, and land plots collectively reached 1.02 billion dirhams. Notably, a single land plot on Jumeirah Bay Island sold for a record-breaking 125 million dirhams, highlighting the enduring appeal of Dubai’s premium locations.

Beyond high-end properties, the data suggests sustained demand across various segments. Mortgage deals, primarily for villas and apartments, contributed over 418 million dirhams to the day’s total. This trend aligns with recent reports