Dubai Real Estate Market: Luxurious Residential Apartment Sold for 72 Million Dirhams, while Mortgages Reach 313 Million Dirhams

Apartment in Dubai Listed for Sale at 72 Million Dirhams

In recent news, the Dubai real estate market in Al Khaleej reported the sale of a luxurious residential apartment within a private housing project located on the Dubai Water Canal for 72 million dirhams. The apartment boasts an impressive area of approximately 8,219 square feet, according to data from “Dubai Rest”.

Meanwhile, the total sales in the sector reached 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. Additionally, mortgages reached 313 million dirhams through 150 procedures.

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