The total value of mortgage deals in Dubai reached 71.7 billion dirhams within 9 months, according to official data, and the total results represent the value of 9884 mortgage deals for various real estate, including commercial and residential lands, residential and commercial units, villas and buildings.
The total amount is distributed on the land mortgage market by 84%, while the share of mortgages of residential and commercial units reached 13%, while the share of mortgage deals did not exceed 3%. The market witnessed 4,844 mortgage deals for lands worth 60.2 billion dirhams, 8,206 mortgage deals for a residential and commercial unit worth 9.5 billion dirhams, and 1,488 mortgage deals for villas worth two billion dirhams.
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