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Dubai records Dh1.6 billion worth of property sales in one hour

By E247

Dubai, UAE – The Dubai Land Department (DLD) recorded 350 property sales worth Dh1.6 billion from 7am to 8am on Monday.

The sales included a Dh623 million deal for a plot of land in Dubai Marina, measuring 114,399 square feet.

Lands accounted for the largest share of the sales, with 69 deals worth over Dh1 billion. There were also 50 sales of villas worth Dh143 million, and 231 sales of apartments, hotels and commercial units worth Dh348 million.

The strong sales activity comes as Dubai's property market continues to recover from the pandemic.

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