The mortgages included 68 villas and apartments worth AED227.82 million and 30 land plots valued at AED177.26 million.
The Dubai real estate market has been on an upward spiral in recent weeks, recording transactions over $1 billion on several days, with the single day transactions hitting over AED1.4 billion, AED1 billion and AED3.9 billion on July 22, 13 and 7 respectively.
Dubai witnessed a record AED22.7 billion real estate sales transactions last month – highest sales figures in the last 13 years – and reaching almost 71 percent of the total 2021 sales volume.
The June transaction figures were 32.88 percent higher in volumes and 24.21 percent in value terms on a sequential basis, compared to May 2022.
For the April-June quarter, Dubai’s property market transactions amounted to AED59.29 billion, up by 6.81 percent compared to Q1 2022.