Dubai records more than $690m in property transactions on first working Friday – The National

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Dubai records more than $690m in property transactions on first working Friday – The National

The value of real estate transactions in Dubai on the first working Friday following the adoption of the new weekly work system in the UAE topped Dh2.53 billion ($690 million), with 227 real estate transactions, Dubai Media Office said.

The total value of real estate transactions recorded in the first week of the year surpassed Dh7.24bn, with 1,766 transactions.

Data from the Dubai Land Department showed that the first working Friday included 173 sales transactions worth Dh2.38bn — 12 of which were land plots worth Dh451.16m and 161 were apartments and villas Dh1.93bn, the media office said in a statement on Friday.