Dubai Real Estate Market Surges with 72 Million Dirham Apartment Sale on Water Canal

The Dubai real estate market recorded the sale of a residential apartment located in a private housing project on the Dubai Water Canal for 72 million dirhams. The apartment had an area of approximately 8,219 square feet, according to data from “Dubai Rest.” This sale was one of many that contributed to the sector’s total sales reaching 1.62 billion dirhams from 672 deals. The highest volume of sales in the sector was recorded 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.