Real estate transactions at the Dubai Land Department recorded AED 3.7 billion across 726 deals the day before yesterday.
The department registered 521 sales transactions valued at AED 1.5 billion, including 36 sales of buildings, 29 sales of land plots, and 456 sales of residential units.
Mortgage transactions reached a value of AED 1.9 billion across 155 transactions, comprising 55 land mortgages, 79 residential unit mortgages, and 21 building mortgages. The market also recorded 50 gift transfers valued at AED 281 million.
Al Barsha First saw a commercial land plot mortgaged for AED 921 million, alongside the sale of an off-plan residential apartment in the Burj Khalifa area for AED 21 million.