Dubai's real estate transactions exceed $13bln in Q1

The total mortgages represented 46.2% of transactions

  
Image used for illustrative purpose. Dubai Marina skyline.

Image used for illustrative purpose. Dubai Marina skyline.

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Dubai – Mubasher: Dubai's total real estate transactions have amounted to 14,964 worth around AED 48.21 billion during the first quarter (Q1) of 2020, according to latest data by the Dubai Land Department (DLD).

The number of land transactions reached 2,689 at a total value of AED 32.152 billion during Q1-20, with 1,070 sales valued at AED 9.179 billion and 1,377 mortgages worth AED 19.606 billion.

As for real estate units, the transactions totalled 10,548, valued at AED 13.181 billion.

At the same time, Dubai witnessed 2,877 building transactions at a total value of AED 1.727 billion.

Mortgages represented 46.2% of the total transactions at a total value of AED 22.312 billion, while sales accounted for 45% of the transactions worth AED 21.639 billion.

Source: Mubasher

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