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In the Dubai real estate market, a residential apartment in a private housing project on the Dubai Water Canal was recently sold for 72 million dirhams. The apartment had an area of about 8,219 square feet and was recorded as part of the total sales in the sector. According to data from “Dubai Rest,” 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.
