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.
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