Khaberni - Today, Thursday, the Dubai real estate market recorded a record sale of a piece of land in Palm Jumeirah valued at 1.86 billion dirhams, according to data from the Dubai Land Department.
The data revealed that the total area of the land is about 1.015 million square feet, with a price of 1832.56 dirhams per square foot.
By 1:20 PM UAE time, the real estate market transactions witnessed the execution of 611 sale transactions with a total value of 4.4 billion dirhams, distributed across 548 residential units, 23 buildings, and 40 plots of land.
Dubai is experiencing a boom in land sales, having recorded during the first ten months of the current year sales valued at 230.4 billion dirhams across 22830 transactions.
As for mortgages, 200 transactions worth 505.3 million dirhams were recorded, distributed as 113 for residential units, 37 for buildings, and 58 for lands, while donations amounted to about 54 transactions valued at 98.66 million dirhams, consisting of 48 for residential units and 6 for lands.
Thus, the total real estate transactions in Dubai reached about 5.89 billion dirhams during the middle of today's transactions, through the execution of 873 transactions.
