In the Dubai real estate market, a residential apartment located in a private housing project on the Dubai Water Canal was sold for 72 million dirhams. The apartment had an area of about 8,219 square feet and was one of many deals that contributed to the sector’s total sales of 1.62 billion dirhams from 672 transactions. The highest volume of sales in Palm Jumeirah at 157 million dirhams, followed by Wadi Al Safa 3 with about 120 million dirhams, and Sheikh Mohammed bin Rashid Gardens with a value of 108.5 million dirhams. Additionally, mortgages in the sector reached 313 million dirhams through 150 procedures.
Dubai Real Estate Market Tops 1.62 Billion Dirhams in Sales from 672 Transactions in Q4 2020
