Dubai’s real estate mortgages hit $14bln in 4 months

UAE real estate mortgages

Total mortgages of the real estate market in Dubai have exceeded AED 52.5 billion during the first four months of 2019, data by Dubai’s Department of Land and Property showed.

Land plots have acquired the largest stake of total mortgage transactions, valuing at over AED 48.6 billion in the January-April period of this year.

Meanwhile, mortgages of residential and commercial apartments reached AED 2.8 billion at the end of April, while mortgages of villas amounted to AED 1.1 billion.

In April, Seih Al-Dahal area witnessed over AED 13.5 billion of mortgage transactions of residential lands.