Dubai’s Real Estate Market Reported Strong Sales of Residential Apartment in Private Housing Project on the Dubai Water Canal
The Dubai real estate market reported a major sale of a residential apartment within a private housing project located on the Dubai Water Canal for 72 million dirhams. The apartment has an area of approximately 8,219 square feet, according to data from “Dubai Rest”. This sale is just one example of the strong demand for real estate in Dubai, with total sales in the sector reaching 1.62 billion dirhams from 672 deals.
The highest volume of sales was recorded in Palm Jumeirah at 157 million dirhams, followed by Wadi Al Safa 3 with around 120 million dirhams and Sheikh Mohammed bin Rashid Gardens with 108.5 million dirhams. Mortgages also reached a significant amount through 150 procedures, totaling 313 million dirhams.
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