DUBAI: The number of real estate transactions made on Monday totaled over 2.4 billion dirhams ($653 million).
According to data released by Dubai’s Land Department, 568 sales transactions worth 1.37 billion dirhams were registered on Sept. 5, along with 93 mortgage deals worth 197.58 million dirhams, and 23 gift deals worth 858.27 million dirhams.
During the last few months, Dubai’s real estate market has seen a surge of over 1 billion dirhams in sales transactions. The emirate saw residential property transactions worth 1.8 billion dirhams on September 1.
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