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