Dubai Becomes Hottest Destination In UAE For Real Estate Investment With Single Day Selling Of Over $1Billion
If you are into real estate business and already have shop setup in the UAE , you are in for a golden visa soon. As UAE hots up for wealthy Indian expats as a preferred real estate destination, the coffers are swelling by the day. Yesterday, the whole day, the Dubai market itself was booming and recorded a massive sale of over AED1 billion in a single day. The Dubai real estate market has been on an upward spiral in recent weeks, recording transactions over $1 billion in several days, as it continues with its post-pandemic recovery. The sale saw a massive 304 sales deals in day of which 77 were mortgage deals of AED263.54 million and 12 were gift deals worth AED24.3 million. The total value of sales was pegged at AED735.85 million. The sales included 282 villas and apartments worth AED651.17 million, and 22 land plots worth AED84.68 million, while mortgages included 65 villas and apartments worth AED136.77 million and 12 land plots valued at AED126.77 million. The market touche...