Dubai’s actual property market continues to draw the world’s rich, with excessive demand for luxurious properties. Right now, the market witnessed the sale of two residences value a mixed AED 270 million.
In accordance with knowledge from the Dubai Land Division, the primary transaction concerned an off-plan residence within the Bulgari Lighthouse venture on Jumeirah Bay Island, promoting for AED 148 million. This residence spans 11,600 sq. ft, equating to AED 12,712 per sq. foot.
The second sale was an off-plan residence within the Six Senses Residences venture on Palm Jumeirah, priced at AED 122 million. This unit covers 26,500 sq. ft, costing AED 4,601 per sq. foot.
As of 1:00 PM in the present day, the market had recorded round 1,000 transactions totaling AED 2.1 billion.