Dubai Recorded a total of more than $653 million in realty transactions Thursday.

In a significant display of activity, Dubai's real estate market demonstrated its robustness on Thursday with a notable surge of 591 sales transactions, collectively amounting to an impressive AED 1.76 billion. This fervor extended further with the inclusion of 125 mortgage deals, contributing a substantial AED 613.72 million to the real estate landscape. Additionally, 36 gift deals added an element of generosity, summing up to a total value of AED 98.44 million.

The comprehensive dataset released by Dubai's Land Department (DLD) showcased the diverse range of transactions that unfolded during the day. The highlight of the sales transactions was the involvement of 561 captivating villas and apartments, their allure contributing significantly to a cumulative worth of AED 1.42 billion. Alongside these residential marvels, 30 strategically located land plots entered the fold, contributing an aggregate value of AED 336.26 million, enriching the realty tapestry even further.

Meanwhile, the mortgage segment was marked by its own set of significant transactions. Notably, 101 alluring villas and apartments, together worth AED 220.85 million, were secured through mortgage arrangements. The land plots segment, with its 24 offerings, added another dimension to this dynamic, amassing a total value of AED 392.87 million.

When collated, the culmination of today's realty endeavors painted an impressive financial picture, exceeding AED 2.4 billion. This cumulative figure encapsulated the transactions' diversity, reflecting the varied preferences of investors and individuals engaging with Dubai's thriving real estate market. In essence, the day's activity showcased not only the robustness of Dubai's real estate sector but also the city's enduring allure as a global hub for property investments and transactions.