According to a report from the Dubai Land Department (DLD), there were significant real estate market trades on Thursday, August 10, 2023. A total of more than 660 transactions were recorded:
- 551 sales transactions worth AED 1.8B (USD 490M);
- 92 mortgage transactions totaling AED 385M (USD 105M);
- 19 gift agreements totaling AED 111.2M (USD 30M).
The DLD report indicated that 506 villas and apartments worth AED 1.4B (USD 381M) were purchased in Dubai during the day, as well as 45 land plots worth AED 391M (USD 106M). Among mortgage deals, 86 villas and apartments worth AED 325M (USD 88M) were purchased. Six land plots were also mortgaged. Their total value amounted to AED 59M (USD 16M).