UAE Recorded Property Transactions Worth AED708 Million

• August 21st, 2021

Dubai’s real estate market recorded 283 deals transactions worth 580.54 million and 48 mortgage deals worth 104.87 million and 12 present arrangements worth 22.86 million Wednesday, as per the emirate’s Land Department (DLD).

In light of information accessible on DLD’s site, the transactions included 194 units, 31 buildings, and 58 land plots, while the home loans covered 20 units, 5 buildings, and 23 land plots.

Dubai saw an eminent expansion in residential transactions over the course of the second quarter of 2021, with positive market supposition and global purchaser premium driving sales, as indicated by Chestertons, a main worldwide land benefits firm.

As per the Observer: UAE Q2 2021 Market Report, the absolute worth of Dubai’s private exchanges rose by practically half Quarter-on-Quarter to AED31.02 billion, contrasting with AED 20.77 billion in the past quarter.

Source: Property News