Dubai Real Estate | Making Records With Huge Sales- AED 1 Billion In One Day

The Dubai real estate market is making some noise. It is turning heads towards itself with the gleaming properties, zero tax, freedom to choose, top-notch builders' involvement, lavish lifestyle, serene communities, and whatnot? It is raising the temperature of the market.

The market is roaring fetching so much attention and delivering outstanding sales.

Complete bombshell records have been recently made: over AED 1 billion in real estate transactions in one day. The data has been released by Dubai’s Land Department (DLD). The transactions include:

• 563 sales deals amounting to AED 3.46 billion
• 304 sales deals amounting to AED735.85 million
• 77 mortgage deals amounting to AED263.54 million
• 12 gift deals amounting to AED24.3 million

Looking at the peak of sales in Dubai, investors will enjoy tremendous benefits; the reasons behind this must be very strong! What is it that attracts people to invest here?

It is considered the highest sales figure in the last 13 years, touching almost 71% of 2021 sales. This is quite a huge difference and the positive side of Dubai real estate. The sales Dubai witnessed include:

• 282 villas and apartments worth AED651.17 million
• 22 land plots worth AED84.68 million
• Mortgages included 65 villas and apartments worth AED136.77 million
• 12 land plots valued at AED126.77 million.

April-June quarter touched transaction of AED 59.29 billion basically 6.81% higher than Q1 2022; then June transaction has been phenomenally high as in comparison with May and now July is giving a power-pack performance. Expecting this flawless growth in the coming months as well.