Dubai’s real estate market recorded total sales worth $694.8 million (AED 2.55 billion) on Thursday, March 12, through 622 registered sales transactions, according to data from the Dubai Land Department.
Among the most prominent deals recorded today was the sale of a land plot in the Al Sufouh Garden area, valued at $192 million (AED 705 million) and covering approximately 85,000 square feet. Another notable transaction included the sale of an under-construction villa in the Amali Island project in The World Islands, valued at $59.95 million (AED 220 million).
According to data released by the Dubai Land Department, the total value of mortgages registered during the day reached $195.1 million (AED 716 million) across 154 transactions.
Among the most significant mortgage deals were a transaction in Al Khabaisi worth $60.3 million (AED 221.2 million), another in Dubai International Academic City valued at $50 million (AED 183.6 million), and a mortgage deal in Burj Khalifa worth $11.2 million (AED 41.2 million), as reported by Al Khaleej newspaper.
On the other hand, the total value of property gifts reached $31.3 million (AED 115 million) through 21 transactions. Among the most notable were a gift transaction in Dubai Investment Park 1 valued at $11 million (AED 40.5 million), another in the Millennium area worth $4.4 million (AED 16 million), and a third in the Al Asateer area valued at $3.1 million (AED 11.4 million).
As a result, the total real estate transactions recorded in Dubai today reached approximately $921 million (AED 3.38 billion) through 797 diverse transactions.
