• Tue. May 7th, 2024

Dubai’s Real Estate Market Surges with Record-Breaking 72 Million Dirham Apartment Sale

BySamantha Nguyen

Apr 26, 2024
Apartment in Dubai selling for 72 million dirhams

In Dubai, the real estate market is experiencing a surge in sales, with a residential apartment on the Dubai Water Canal being sold for 72 million dirhams. The apartment had an area of about 8,219 square feet and was part of a private housing project. According to data from “Dubai Rest,” total sales in the sector reached 1.62 billion dirhams from 672 deals. The highest volume of sales was 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.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

Leave a Reply