According to data from the Dubai Land Department, Dubai’s real estate sales between the beginning of June and the middle of July reached AED 66.48 bn, with a total of 20.66 sales transactions recorded during this period, Invest-Gate reports.

On Wednesday, the total real estate transactions in Dubai amounted to AED 3.565 bn, with sales transactions accounting for the largest share. These sales transactions totaled AED 2.81 bn and were spread across 698 transactions.

Real estate mortgages in Dubai reached a total value of AED 478.17 mn, distributed over 152 transactions. Additionally, real estate donation transactions amounted to AED 276.83 mn, involving 31 transactions.

Based on the data, the total sales transactions included AED 746.14 mn worth of off-plan properties and AED 2.07 bn worth of completed properties. Among the sales transactions, there were 488 residential units and 85 buildings, while land sales transactions amounted to 125 transactions.

Regarding mortgage transactions, they encompassed 118 housing units, 21 buildings, and 33 land disposals.