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Dubai’s Real Estate Market Sets a New Record with Dh2 Billion Transactions

  • 22 September 2021
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Dubai’s Real Estate Market Sets a New Record with Dh2 Billion Transactions

The most expensive transaction took place on Palm Jumeirah, where a villa was sold for Dh37 million.

According to the Dubai Land Department, real estate transactions worth Dh2 billion were completed on Wednesday.

A plot of land in the airport city sold for Dh9 million, followed by a plot in Warsan 1 for Dh8 million and the third most expensive plot in Muasaim 1 for Dh6 million.

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In terms of the number of transactions, Nad Al Sheba 1 led the way with four deals worth Dh11 million, followed by Al Yafra 3 with two deals worth Dh3 million, and Wadi Al Safa 5 with two deals worth Dh12 million.

Palm Jumeirah saw the most expensive deal, with a villa sold for Dh37 million, followed by Business Bay with a Dh29 million deal, and Warsan 4 with a Dh24 million deal.

Al Merkadh topped the list of areas in terms of the number of sales of villas and apartments, with 35 sales worth Dh59 million. Business Bay came in second with 34 transactions worth Dh93 million, and Al Hebiah came in fourth with 29 transactions worth Dh62 million.

Source: Gulf News

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