In Dubai, the real estate market recorded a major sale of a residential apartment in a private housing project located on the Dubai Water Canal. The apartment sold for 72 million dirhams and had an area of approximately 8,219 square feet, according to data from “Dubai Rest.” The sector’s total sales reached 1.62 billion dirhams from 672 deals, with Palm Jumeirah leading the way in terms of volume with sales of 157 million dirhams. Wadi Al Safa 3 followed closely behind with about 120 million dirhams in sales, while Sheikh Mohammed bin Rashid Gardens had a value of 108.5 million dirhams. Mortgages in the sector also reached a high of 313 million dirhams through 150 procedures.
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