Dubai real estate transactions reach 3.4B dirhams
The Dubai real estate market witnessed transactions worth a total of 3.4 billion dirhams on Monday, through 935 deals that included sales, mortgages, and gifts. Sales amounted to approximately 1.75 billion dirhams across 650 transactions, with the most notable in Al Yafra 1 known for a deal of 94 million dirhams, Maysaim 1 at 92 million dirhams, and Jumeirah Palm at 79 million dirhams. Mortgages totaled 1.5 billion dirhams from 250 deals, the most significant in Business Bay with a value of 839 million dirhams. Additionally, gifts recorded a total of 161 million dirhams across 35 transactions, with the largest in Jumeirah Palm at 63 million dirhams.
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