Categories: Economy

Dubai’s Real Estate Market Soars with Record-Breaking $20 Million Apartment Sale on the Dubai Water Canal

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.

Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

Share
Published by
Samantha Johnson

Recent Posts

From Budding Plants to Blossoming Business: The Power of Supporting Local News

On Friday, May 17th, the 5th-grade students at North Central in Pioneer had a special…

7 mins ago

High School Senior Wins Prestigious Award for Climate Change Research using Computing Skills

Franziska Borneff, a Hidden Valley High School Senior from Roanoke, Virginia, has been awarded the…

15 mins ago

McLaren Driver Lando Norris: Narrow Miss at Emilia Romagna Grand Prix Boosts Confidence in Team’s Title Challenge

McLaren driver Lando Norris is feeling confident about the team's prospects for race victories following…

31 mins ago

Safeguarding Your Grill: Summer Cookout Food Safety Tips from the Central Michigan District Health Department

As summertime arrives, the Central Michigan District Health Department is reminding residents to prioritize food…

44 mins ago

Alaska Fifth-Graders Showcase Green-Down Phenology Research at NASA’s Jet Propulsion Laboratory

Three Pearl Creek Elementary fifth-grade students recently traveled to NASA’s Jet Propulsion Laboratory in Pasadena,…

1 hour ago