Dubai real estate this week was bolstered by a vast Jebel Ali land mortgage agreement.
In the week ending October 27, the Dubai real estate sector demonstrated its resilience by recording a substantial AED23.38 billion ($6.36 billion) in transactions.
These transactions showcased the ongoing vibrancy in the real estate market.
Vibrant Transaction Activity
During this week, the Dubai Land Department reported a total of 1,761 transactions.
These transactions span various segments of the real estate market, underlining the city’s diverse investment opportunities and strong demand.
Land Mortgage Breaks Records
One of the standout transactions during this period was a colossal AED13.8 billion ($3.8 billion) mortgage for land located in Jebel Ali First.
This remarkable deal highlights the significant investments and financial activities taking place in Dubai’s real estate sector, contributing to its overall growth and vitality.
