Kingsley Properties

Mid-April figures cross Dh9 billion

Property deals in Dubai has tipped over the nine billion mark for the first half of April, despite the onset of Ramadan from the start of the month.
On April 15, the close of business at Dubai Land Department recorded 3,482 properties sold for Dh9.2bn. This also includes the Dh280-million record villa sale in Palm Jumeirah that sent the market in a tizzy.
For the day itself, the sales volume on Thursday translated into 331 transactions worth AED1.24 billion and 77 mortgage deals of AED390.84 million, in addition to 24 gift transactions amounting to AED79.48 million.
The sales breakup included 250 villas and apartments worth AED574.87 million, and 81 land plots worth AED662.51 million, while the mortgages included 58 villas and apartments worth AED106.91 million and 19 land plots valued at AED283.92 million, bringing the total realty transactions of today to over AED1.7 bn.

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